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international

Oil back to pre-war levels as Hormuz traffic rebounds

Oil prices have fallen back to pre-war levels as shipping through the Strait of Hormuz continues to recover. The decline comes as vessel traffic through the key waterway rebounds after weeks of disruption tied to the Iran conflict. Traders are also reacting to signs that diplomatic efforts between Washington and Tehran are helping ease fears of a prolonged supply shock. US Energy Secretary Chris Wright said shipments through the strait are nearing the levels seen before the fighting began. He added that roughly 20 million barrels passed through the strait in the previous 24 hours, suggesting a strong recovery in maritime traffic. At the same time, US officials are trying to reassure Gulf allies worried about Washington’s preliminary deal with Iran. Secretary of State Marco Rubio has been speaking with regional partners to calm concerns over the agreement’s impact on […]

Abdulmumini Auwal SA June 26, 2026

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international

US says Iran deal must meet strict conditions

The United States has said it still wants an agreement with Iran but warned that it will not accept a deal at any price. Officials stressed that any understanding must meet strict US security and economic conditions before it can be signed.ft+2 President Donald Trump recently said he had asked US negotiators not to rush into an agreement with Tehran. He acknowledged that talks are advanced but insisted that key issues, including Iran’s nuclear ambitions and sanctions relief, must be resolved in a way that protects US interests.bbc+1 In recent weeks, Washington and Tehran have discussed a memorandum of understanding aimed at ending the conflict and reopening the Strait of Hormuz, a vital shipping route for global oil. Under the emerging framework, the ceasefire would be extended while both sides negotiate over nuclear restrictions, sanctions and frozen assets.reuters+2 Iran has […]

Abdulmumini Auwal SA June 25, 2026

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international

US waives Iran sanctions as Trump warns Tehran

The United States has waived sanctions on Iran for 60 days following the first round of talks linked to a new peace agreement. The waiver is part of an early step meant to ease tensions and support the talks. It allows Tehran to resume limited oil sales and receive payments during the 60-day period. US President Donald Trump said he would take action if Iran fails to respect the terms of the deal. He warned that Washington would respond if Tehran does not keep its side of the agreement. The move marks a temporary shift in US policy toward Iran and comes as both sides test the fragile peace process.

Abdulmumini Auwal SA June 23, 2026

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international

US disputes Iranian claims about closing Strait of Hormuz

The United States has rejected Iranian claims that its military closed the Strait of Hormuz, saying there is no evidence of a closure and that commercial ship traffic through the waterway has actually increased. Iran announced on Saturday that its military had closed the strategic Strait of Hormuz, in retaliation for what it calls a "blatant breach" of a recently signed US-Iran Memorandum of Understanding by the United States and Israel. Iran's top joint military command ordered the closure and warned that no ships or vessels should approach the waterway. US Vice President JD Vance disputed the closure during an interview with Fox News on Saturday, stating that there is no evidence Iran closed the Strait. US Central Command released a statement shortly after Iran's announcement, confirming that commercial ship traffic through the strait increased on June 20. "CCommercial ship […]

Abdulmumini Auwal SA June 21, 2026

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Nigeria

U.S. lifts Strait of Hormuz blockade as U.S. and Iran sign deal to halt war

The U.S. Central Command has confirmed that the naval blockade over the Strait of Hormuz has officially been lifted as a result of the ceasefire agreement reached between the United States and Iran. The U.S. declared the cessation of its naval blockade affecting maritime movement to and from Iranian ports and coastal territories, including the strategically vital Strait of Hormuz, with the blockade expected to be completely lifted within 30 days. According to senior U.S. officials, this measure is all part of the deal signed by President Donald Trump at the Palace of Versailles, where the U.S. and Iran agreed to reopen the crucial Strait of Hormuz and halt the war. In return for the blockade lift, Iran will now allow toll-free passage through the Strait of Hormuz for 60 days, ensuring safe passage for commercial ships without any charges […]

Abdulmumini Auwal SA June 19, 2026

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international

14-point US-Iran deal to end war

US President Donald Trump has signed a 14-point memorandum of understanding (MOU) with Iran to end hostilities, reopen the Strait of Hormuz and set a roadmap for a comprehensive peace deal that includes lifting all sanctions and unfreezing Iranian assets abroad. The US and Iran, along with their allies in the ongoing conflict, declared an immediate and permanent cessation of military operations on all fronts, including Lebanon, and agreed not to initiate any warfare or military actions against each other. The MOU commits both nations to honor each other's sovereignty and territorial integrity, refrain from interference in each other's domestic matters, and negotiate a comprehensive agreement within a maximum of 60 days. Upon signing, the US will begin dismantling its naval blockade against Iran, fully ending the blockade within 30 days, and restore maritime traffic to pre-war levels proportional to […]

Abdulmumini Auwal SA June 18, 2026

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international

US and Iran Move Closer to Major Agreement

The United States and Iran appear to be moving closer to a major agreement aimed at easing months of military tensions between the two countries. President Donald Trump announced that a formal deal could be signed on Sunday, although Iranian officials have expressed caution regarding the timeline. In a message shared on social media, Trump stated that the agreement was expected to be finalized soon. He also said that the Strait of Hormuz, one of the world's most important shipping routes for oil and natural gas, would be reopened to all maritime traffic immediately after the deal takes effect. Pakistan, which has played a mediation role in the negotiations, also expressed optimism about the progress made. Prime Minister Shehbaz Sharif said a final agreement could be concluded within 24 hours and noted that preparations were underway for an electronic signing […]

Abubakar June 14, 2026

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international

Netanyahu says he and Trump fully agree Iran must not acquire nuclear weapons

Israeli Prime Minister Benjamin Netanyahu has declared that he and US President Donald Trump are in complete agreement on preventing Iran from obtaining nuclear weapons. Netanyahu made the statement on Friday in a message released by his office following a phone call with Trump about potential negotiations with Iran. "As long as I am Prime Minister of Israel, Iran will not have nuclear weapons," Netanyahu said. "There is full agreement between President Trump and me on this issue." Netanyahu emphasized that he has led the international fight against Iran's nuclear programs for more than three decades. He stated that without this struggle, Iran would have obtained nuclear bombs long ago to destroy Israel. He also said that Iran is working to destroy the Jewish state and that he has dedicated his life to preventing them from doing so. While Israel […]

Abdulmumini Auwal SA June 12, 2026

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international

Iran says no final decision on deal while Trump claims imminent agreement with Tehran

Iran has stated that it has not reached a final decision on a deal to end the Middle East war, despite US President Donald Trump claiming that an agreement could be signed in days. The Iranian statement came on Friday, even as Trump announced he had canceled scheduled strikes and bombings against Iran. Trump said that talks with Iran had been brought to the highest level of Iranian leadership and approved. He added that the time and place of the signing would be announced shortly. The president claimed that the finer points of the arrangement had been approved by the United States and its allies in the region, including Israel, with which Washington jointly launched the war in February. However, Iran's foreign ministry spokesman Esmaeil Baqaei said Tehran had not reached a final conclusion on the agreement. He explained that […]

Abdulmumini Auwal SA June 12, 2026

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international

Trump Says Iran Peace Deal Could Be Signed Soon

US President Donald Trump has said an initial agreement aimed at ending the conflict with Iran is close, expressing optimism that a formal deal could be finalized in the coming days. Speaking to reporters at the White House on Thursday, Trump stated that significant progress had been made toward a settlement, describing the negotiations as a major step toward preventing Iran from acquiring nuclear weapons. According to the US president, the draft agreement is nearing completion and could be officially signed soon, possibly during a meeting in Europe. He also suggested that the reopening of the Strait of Hormuz, a vital global energy shipping route, could follow the signing of the accord. Despite Trump's confidence, Iranian officials have urged caution. Foreign Ministry spokesperson Esmail Baghaei said reports of a finalized agreement were premature, stressing that discussions were still ongoing and […]

Abubakar June 12, 2026

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