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international

Oil prices plunge as Trump pauses Iran energy strikes

Oil prices fell sharply on Monday while European stock markets rebounded after United States President Donald Trump suddenly ordered a halt to planned strikes on Iranian energy infrastructure. His comments on Truth Social marked a sharp shift from his earlier threats over the weekend.​ Brent crude futures at one point dropped more than 14 percent before trimming losses to trade down about nine percent. West Texas Intermediate crude also slid, and European gas prices fell by around four percent as traders reacted to the pause in military action.​ Analysts said markets now need more clarity because Iran has publicly denied that any talks with the United States have taken place. That denial partly cooled the initial relief rally and reminded investors that tensions in the Middle East remain high.​ European stocks had opened the week with heavy losses but turned […]

Abdulmumini Auwal SA March 23, 2026

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international

Markets fall as US-Iran tensions escalate

Global financial markets have come under pressure as tensions between the United States and Iran intensify, with the conflict now entering its fourth week. The situation has unsettled investors and pushed energy prices higher amid fears of further escalation. In Asia, Japan’s Nikkei index dropped sharply by 3.5%, while South Korea’s Kospi plunged 6.5%, reflecting concerns over supply disruptions. European markets also declined, though more moderately, with London’s FTSE 100 falling 1.9% and major indices in Germany and France losing around 2%. At the center of the crisis is the Strait of Hormuz, a vital global shipping route through which roughly 20% of the world’s oil and liquefied natural gas typically passes. Iran has effectively restricted access to the strait following attacks by the United States and Israel in late February, raising alarm over global energy supplies. Oil prices reacted […]

Abubakar March 23, 2026

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international

Trump calls NATO allies ‘cowards, paper tigers’ for staying out of Iran fight as Hormuz crisis chokes oil flows

US President Donald Trump on Friday branded NATO allies “cowards” for failing to provide the military assistance he requested against Iran to help control the vital Strait of Hormuz oil shipping route . Trump, who has alternated between saying Washington needs no help in the waterway and criticising others for staying on the sidelines, wrote on Truth Social that “without the U.S.A., NATO IS A PAPER TIGER!” . He accused allies of refusing to join the fight to stop a nuclear powered Iran, yet complaining about soaring oil prices while declining to help reopen Hormuz, which he described as a “simple military maneuver” with “so little risk” for them . “So easy for them to do, with so little risk. COWARDS, and we will REMEMBER!” Trump declared, in one of a series of recent diatribes against the Western alliance . […]

Abdulmumini Auwal SA March 21, 2026

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international

Trump calls on Japan and NATO to step up on Iran as Hormuz crisis lifts oil prices

President Donald Trump has pressed Japanese Prime Minister Sanae Takaichi and NATO allies to “step up” support for the US led war with Iran as surging oil prices hit the global economy . At a White House meeting, Trump praised Takaichi but urged Japan to do more to help secure the Strait of Hormuz, where Iran’s actions have severely disrupted tanker traffic and driven energy prices higher . He said Washington does not “need anything” from allies but argued it is appropriate for partners like Japan and NATO members to contribute more ships to clear mines and escort tankers through the strategic waterway . Trump defended keeping allies in the dark about his Iran plans by invoking Japan’s 1941 surprise attack on Pearl Harbor, telling a Japanese reporter, “We wanted surprise. Who knows better about surprise than Japan? Why didn’t […]

Abdulmumini Auwal SA March 20, 2026

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international

Iran attack on Qatar gas hub triggers Trump threat and energy price spike

Qatar has reported extensive damage at the Ras Laffan liquefied natural gas hub after Iranian missile and drone strikes, raising fresh fears for global energy supplies . Tehran said it attacked the giant LNG facility in retaliation for an Israeli strike on Iran’s South Pars gas field, which forms part of the world’s largest natural gas reservoir shared with Qatar . Oil prices jumped about five percent and European gas prices surged roughly 35 percent as markets reacted to the risk of prolonged disruption to gas exports from the Gulf . US President Donald Trump warned Iran to stop attacking Qatar, threatening that the United States would massively blow up the entire South Pars gas field if Tehran continued its strikes . In a social media post, Trump said Washington knew nothing about Israel’s earlier attack on South Pars, describing […]

Abdulmumini Auwal SA March 19, 2026

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international

Iran rejects truce bids as Israel targets top security chiefs

Iran has rejected proposals from foreign intermediaries to ease tensions or agree a ceasefire with the United States and Israel, insisting it is not yet the right time for peace . A senior Iranian official said two countries had passed on ideas to reduce tensions or reach a ceasefire, but Ayatollah Mojtaba Khamenei, Iran’s new supreme leader, turned them down . According to the official, Khamenei told his first foreign policy meeting that there could be no peace until the United States and Israel are brought to their knees, accept defeat and pay compensation . Khamenei’s comments came as the US Israeli war on Iran entered its third week, with at least 2,000 people reported killed and no sign of an end to the conflict . The Strait of Hormuz, a vital route for about 20 percent of global oil […]

Abdulmumini Auwal SA March 17, 2026

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international

EU rejects Trump request on Strait of Hormuz

European Union leaders have rejected a request from United States President Donald Trump for military help to secure the Strait of Hormuz, as EU foreign ministers met in Brussels to discuss soaring oil prices caused by the US Israeli war on Iran . Trump had urged the United Kingdom, China, France, Japan, South Korea and other NATO allies to send naval ships to protect shipping in the Strait of Hormuz, warning it would be very bad for NATO’s future if partners did not help secure the vital waterway . US officials spent the weekend trying to build support for a new coalition to patrol the strait and said they hoped to announce it in the coming days, although it remains unclear which countries will join or when any operation would start . Many close US allies are reluctant to send […]

Abdulmumini Auwal SA March 17, 2026

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international

Oil climbs above $100 as Iran war batters Asian stocks

Oil prices have risen further above $100 a barrel as the Iran war moves into its third week, putting fresh pressure on global markets.Both Brent crude and US benchmark WTI extended recent gains, driven by fears of prolonged supply disruptions from the Middle East. Brent climbed by about three percent in early Asian trading, briefly touching around $106.50 before easing back toward $105.WTI hovered just under the $100 mark after also surging sharply since the conflict began. Since the start of the war, Brent has jumped by more than 40 percent, while US crude is up almost 50 percent.Analysts warn that rising energy costs risk fuelling inflation again and could slow global economic growth. Most Asian stock markets fell as investors reacted to the threat of an energy shock and reduced expectations of interest rate cuts.Indexes in Tokyo, Shanghai, Seoul, […]

Abdulmumini Auwal SA March 16, 2026

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Nigeria

Iran war: Falana urges Nigeria to work with other countries to pressure Trump

Human rights lawyer Femi Falana has called on Nigeria to collaborate with other countries to mount diplomatic pressure on United States President Donald Trump over the ongoing war involving Iran, Israel and the US. Falana said Nigeria should revive its tradition of multilateral diplomacy, like in the days of the Non Aligned Movement, by working with other nations to ensure respect for international law and to push for restraint on all sides. He criticised Trump for what he described as contempt for international law and United Nations resolutions, noting that the US under his watch has withdrawn from dozens of UN decisions. Speaking on Channels Television’s Politics Today, the Senior Advocate of Nigeria argued that Nigeria and other countries must persuade global powers such as China and Russia to intervene diplomatically in the crisis, since they wield significant influence over […]

Abdulmumini Auwal SA March 13, 2026

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Togo

Zelensky warns of air defence supply risks

Ukrainian President Volodymyr Zelensky has warned that escalating conflict in the Middle East could jeopardize Ukraine’s access to critical air defence systems. He said the growing military demands in the region may divert both weapons supplies and political attention away from Kyiv’s fight against Russia. In an interview with Corriere della Sera, Zelensky explained that the United States and its Middle Eastern partners may prioritize their own defence needs, particularly advanced systems such as Patriot missiles. He acknowledged the risk that Washington and the European Union could shift focus from Ukraine if the crisis involving Iran expands into a prolonged war. Since Russia’s full-scale invasion in 2022, Ukraine has remained central to Western diplomatic and military support. However, officials in Kyiv now sense a shift in global attention. Heavy use of interceptor missiles by Gulf countries could create shortages in […]

Abubakar March 3, 2026

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