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Strait of Hormuz

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international

Tehran studies US 15 point peace plan as Iran fires missiles at US carrier

Iran has received a 15 point peace proposal from the United States aimed at ending the Middle East war, Pakistani officials have confirmed. The plan was relayed to Tehran through Pakistani intermediaries even as Iran announced it had fired a volley of cruise missiles at the US aircraft carrier USS Abraham Lincoln. The conflict, which began on February 28 with a joint US Israeli bombing campaign on Iran, has rapidly spread across the region. The fighting has sent oil prices soaring and raised fears that the global economy could be pushed into a new crisis. US President Donald Trump has repeatedly claimed that talks with Iran are making progress, although Tehran continues to deny that any direct negotiations are taking place. Despite the public denials, two senior officials in Islamabad told AFP that American proposals to halt the fighting have […]

Abdulmumini Auwal SA March 25, 2026

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international

Strait of Hormuz cargo traffic falls 95 percent amid war

Cargo traffic through the Strait of Hormuz has dropped by about 95 percent since the Middle East war erupted with US Israeli strikes on Iran on February 28. From March 1 to the early hours of March 24, only 149 commodity carrier crossings were recorded in the 167 kilometre long waterway.​ Data from analytics firm Kpler shows that 94 of these crossings were by oil and gas tankers, with around 61 percent of them loaded and more than two thirds sailing eastwards out of the strait. On Monday, Iran flagged tankers Artman and Kiazand, along with US sanctioned vessel Lenore, were among the few ships to pass through.​ The Jasmin tanker sailed in the opposite direction, heading towards an Iranian port after departing Karachi. A Chinese owned container ship, Newvoyager, also transited the strait after reportedly making a payment to […]

Abdulmumini Auwal SA March 24, 2026

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international

Iran pounds Israel with missiles as questions grow over Trump talks

Iran has fired a new wave of missiles at Israel, hitting parts of Tel Aviv and injuring several people, as confusion deepens over reported talks to end the three week old Middle East war. Streets in Israel’s commercial capital were left strewn with rubble after a building in an upscale neighbourhood suffered a direct hit.​ Tel Aviv mayor Ron Huldai said the strike tore open the facade of a three storey block in the city. Israeli media, citing police, reported that the damage was caused by a cluster munition missile believed to carry three to four warheads, each loaded with about 100 kilograms of explosives.​ The missile barrage came hours after Iranian outlets reported that US Israeli warplanes had struck two gas facilities and a pipeline inside Iran. Those strikes followed United States President Donald Trump’s earlier threats to attack […]

Abdulmumini Auwal SA March 24, 2026

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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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Nigeria

Crude hits 114 as fears grow over fresh petrol price hikes in Nigeria

There are fresh concerns that petrol prices in Nigeria could rise further after Brent crude oil jumped to about 114 dollars per barrel following a sharp escalation in the United States and Israel war on Iran . Petrol is already selling for between N1,200 and N1,400 per litre in parts of the country, up from around N730 to N880 per litre before the conflict began on February 28 . Global prices surged after Israel struck Iran’s South Pars gas field, the world’s largest gas deposit, prompting Iranian missile and drone attacks on energy facilities in Qatar and Saudi Arabia and triggering fears of wider disruption to supplies . Brent crude rose by about 6.24 percent to 114.08 dollars per barrel, its highest level since May 2022, while US West Texas Intermediate crude climbed to around 96.33 dollars per barrel . […]

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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