Iran Brands American Sanctions a Declaration of War

Iran Defies Trump’s Threats Amid Peace Talks

A fragile diplomatic effort to resolve the Middle East crisis faces imminent collapse following a fierce rhetorical clash between Washington and Tehran. Iranian chief negotiator Mohammad Bagher Ghalibaf issued a stern warning to the United States to weigh its words with extreme caution. The high-stakes warning followed explicit military threats from US President Donald Trump….

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Iran Keeps Hormuz Closed Despite Oman Route Deal

Iran Closes Strait of Hormuz Over Israel Attacks

Iran shut down the strategic Strait of Hormuz today in a dramatic escalation following intense Israeli military strikes on southern Lebanon. Tehran announced a complete ban on all commercial shipping through the narrow maritime corridor, which handles nearly a fifth of the world’s daily petroleum consumption. The aggressive maneuver shatters the fragile 112-day ceasefire memorandum…

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Iran, US Clash as Hormuz Crisis Deepens

Iran Shuts Hormuz, Attacks US Bases

The Islamic Revolutionary Guard Corps has shut down the strategic Strait of Hormuz and launched a massive missile barrage at American military bases across the Middle East. The dramatic escalation marks day 104 of the regional conflict, effectively destroying the fragile April 8 ceasefire framework. Iranian state media confirmed that the highest operational command issued…

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Naira Strengthens Against British Pound to N1,788

Naira Holds Steady as Geopolitical Tensions Simmer

The naira remained largely unchanged on Thursday, trading at 1,379.50 against the dollar. Data from the Nigerian Foreign Exchange Market show the currency opened at 1,378.98 before hitting an intraday peak of 1,380.00. This stability persists despite a volatile global backdrop that threatens to upend emerging market currencies. Local trading activity stayed moderate as dealers…

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Dangote Refinery Leads European Jet Fuel Supply

Dangote Refinery Exports 17 Petrol Cargoes To African Countries

The Dangote refinery has emerged as a critical energy lifeline for Africa as the conflict between the United States and Iran paralyses Middle Eastern shipping. Operating at its full 650,000-barrel-per-day capacity, the Lagos-based facility recently exported 17 cargoes of petrol to nations across West, Central, and East Africa. This surge in regional trade follows the…

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