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US President Donald Trump's shifting remarks on Iran, including backing off threats to strike Iranian energy infrastructure, have sent shockwaves through financial markets, leading to strong fluctuations, a slide in oil prices, and a rebound in European and US stocks.
Nigerian businessman Aliko Dangote met with President Bola Tinubu in Lagos, discussing his UK visit and warning that the Middle East crisis could raise oil prices and force Nigerians into work-from-home scenarios, similar to the COVID-19 pandemic.
The nationalist prime minister is taking advantage of opportunities to rally his foreign supporters, particularly Europeans, in Budapest ahead of the April 12 legislative elections, which could prove…
Gold and silver prices plunged to a four-month low globally, wiping out $2 trillion, with gold briefly falling below $4,300. While gold has trimmed some of its huge losses, volatility is expected to continue as the Iran war rattles investors and the Middle East conflict contributes to economic uncertainty.
Sultan al-Jaber condemned Iranian attacks on the Strait of Hormuz as an act of terrorism, while Donald Trump confirmed US talks with Tehran on ending the war. Financial commentator Jim Cramer cautioned that Monday's stock market rebound, sparked by optimism over these potential peace talks, may be temporary.
Global Brent oil prices recovered some losses in after-hours trading, topping $100, as traders anticipate further developments in the Iran conflict to drive market activity.
New York stock exchanges closed with significant gains, with major indices rising, influenced by falling oil prices and statements from Trump regarding Iran. Global crude oil prices fell about 10% and Wall Street stocks rallied after Donald Trump announced he was holding off military strikes on Iran's power plants following 'constructive talks' with Tehran, despite Iran denying negotiations, with oil prices falling below $100.
The Nigeria Employers’ Consultative Association (NECA), Nigeria Labour Congress (NLC), and other business groups have collectively warned that Nigerian businesses face imminent closures and job losses due to the escalating impact of rising global oil prices from the Middle East war.
Tehran denies secret US Iran negotiations after Trump’s claims cause oil prices to fall.
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