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Trump Hints Iran Talks as US Blockade Hits Nigeria Oil Prices

Adebisi Adewunmi by Adebisi Adewunmi
2 months ago
in World News
Trump Hints Iran Talks as US Blockade Hits Nigeria Oil Prices
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President Donald Trump has indicated that talks to end the war in Iran could resume as early as this week.

The suggestion came hours after negotiations collapsed over the weekend, triggering a full US naval blockade of Iranian ports and coastal waters. Trump made the remark during a phone interview with the New York Post while addressing reporters in Islamabad, Pakistan, the venue of the earlier round of discussions.

“You should stay there [Islamabad], really, because something could be happening over the next two days, and we’re more inclined to go there,” he was quoted as saying.

The US military confirmed that no ships had moved through the blockaded zones in the first 24 hours of the operation. The standoff has now raised fresh doubts about the two-week ceasefire due to expire next week.

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Iran is yet to respond to Trump’s latest comment. However, United Nations Secretary-General António Guterres told reporters it was “highly probable” that the talks would restart soon.

NaijaChoice News reports that the development is already sending shockwaves through global energy markets. Crude oil prices have climbed above $100 per barrel following the blockade, with Brent crude hitting $102 at one point.

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In Nigeria, the ripple effects are already being felt. Fuel importers and industry watchers say another round of increases in petrol and diesel prices is likely in the coming days.

The country, though an oil exporter, relies heavily on imported refined products. Analysts warn that any prolonged disruption in the Strait of Hormuz – which handles about one-fifth of the world’s oil supply – could push domestic pump prices higher and worsen inflation.

The Federal Government is said to be monitoring the situation closely. Energy experts at home note that Nigeria’s own Bonny Light crude has benefited from the price surge, but the net impact on citizens struggling with high living costs remains a major concern.

Diplomatic sources in Abuja say Nigeria, as a key player in OPEC, will continue to push for de-escalation to protect both global oil flows and the domestic economy.

The coming days will be critical as the world watches whether Trump’s hint of fresh talks in Pakistan materialises or if the maritime blockade tightens further.

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