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The United States and Iran accused each other of breaching their fragile truce on Thursday following a serious exchange of fire, the most dangerous flare up since the ceasefire took hold in April and a stark reminder of how close the Middle East remains to renewed all out war three months after it began. The…
The United States military launched targeted airstrikes against Iranian missile sites and mine-laying vessels in southern Iran. American combat aircraft hit multiple installations near the strategically vital port city of Bandar Abbas. United States Central Command described the operation as a defensive action to protect regional forces from immediate threats. Military planners confirmed the destruction…
Nigerian consumers may soon experience relief at the pumps as global crude oil prices plummet following significant progress in peace talks between the United States and Iran. Brent crude dropped sharply from one hundred and eleven dollars last week to ninety-seven dollars on Monday morning. The rapid decline tracked optimistic statements from Washington regarding the…
Global crude prices tumbled as traders weighed erratic diplomatic signals regarding a potential peace deal to end the US-Israel war on Iran. Brent crude fell 5 percent on Sunday to stand at $98.47 a barrel for July futures. This represents a 9 percent drop over the past month. Despite the decline, global prices remain more…
The United Nations has cut its global economic growth projections, warning that the war in the Middle East threatens to derail international trade and commodity markets. UN economists now forecast global gross domestic product to expand by 2.5 percent this year. A slightly better performance of 2.8 percent is pencilled in for next year. The…
India and the United Arab Emirates signed a series of major defence and energy pacts on Friday to shield their economies from the escalating US-Israeli war on Iran. Prime Minister Narendra Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi to formalise the agreements during a brief stopover. The diplomatic rush…
The White House confirms that Donald Trump and Xi Jinping have reached a fragile consensus to ensure the Strait of Hormuz remains open to global shipping. This agreement follows two days of intense negotiations in Beijing against the backdrop of an escalating conflict in Iran. Both leaders recognise that a total blockade of the…
Gold opened the new trading week on a cautious note, slipping below the $4,700 mark as geopolitical tensions and expectations of a hawkish United States Federal Reserve continued to weigh on the precious metal’s recent recovery. The commodity fell 0.5 percent to $4,690 per ounce at the London stock market on Monday, according…
Donald Trump has dismissed Iran’s latest peace proposal as “totally unacceptable,” pushing the Middle East back toward open warfare. Writing on his Truth Social platform, the US president gave no specifics about the counteroffer but made his disdain clear. This rejection follows weeks of Pakistani-mediated talks aimed at ending the war that began on 28…
Iran has delivered its formal response to a US peace proposal through Pakistani mediators. While the contents remain secret, the exchange marks the first significant diplomatic movement since the conflict began in February. President Masoud Pezeshkian insists that negotiation does not signal surrender. He maintains that Tehran acts only to defend national interests and sovereign…
