International
Economic wars: U.S. envoy meets Tinubu in Paris
The United States has opened discussions with President Bola Tinubu on expanding economic cooperation across Africa as part of efforts to deepen trade, investment, and development ties on the continent.
This was disclosed following a meeting on Thursday between President Tinubu and U.S. State Department Senior Advisor for Africa, Massad Boulos, in Paris, where the Nigerian leader is currently on a short working visit.
According to a statement posted Friday on the official X (formerly Twitter) handle of the U.S. Mission in Nigeria, and shared by President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, the talks also touched on key security concerns in the region.
“State Department Senior Advisor for Africa Massad Boulos met with President Tinubu on Thursday to discuss regional security, including working together with partners to build a durable peace in eastern DRC,” the U.S. Mission stated.
“They also discussed expanding opportunities for economic cooperation throughout Africa,” it added.
The meeting comes at a time when Nigeria is working to reposition itself as a hub for investment and economic growth on the continent.
President Tinubu has consistently called for stronger global partnerships to drive industrialization, job creation, and infrastructure development in Africa.
Though specific details of the economic discussions were not disclosed, analysts say the meeting reflects growing American interest in engaging with African leaders on development-focused diplomacy, with Nigeria seen as a critical anchor in West Africa.
President Tinubu has been in Paris since Wednesday, April 2, undertaking a short working visit aimed at reviewing his administration’s midterm performance and setting strategic priorities for the next phase of his tenure.
While abroad, the President has remained actively engaged in state matters, and Thursday’s high-level engagement with the U.S. State Department underscores Nigeria’s central role in regional affairs and global economic conversations.
Tinubu is expected to return to the country shortly, with public attention focused on the outcome of his consultations and the anticipated direction of new policies in the coming months.
Oil prices climbed sharply while global stocks wavered and mostly declined on Tuesday as President Donald Trump’s looming deadline for Iran to reopen the Strait of Hormuz or face escalated U.S. strikes heightened geopolitical tensions and investor anxiety.
Brent crude futures rose about 1% to trade near $111 per barrel, with U.S. West Texas Intermediate crude also pushing higher amid fears that prolonged disruption to the critical waterway through which a significant portion of global oil supplies passes could worsen energy shortages. Oil has surged more than 50% since the conflict intensified.
Meanwhile, major U.S. stock indexes showed mixed but largely cautious trading, with many shares slipping as investors weighed the risk of further military escalation, including potential strikes on Iranian power plants and infrastructure.
European and Asian markets were similarly tentative, reflecting broader concerns over inflation, energy costs, and economic fallout from the ongoing Middle East conflict.
Trump has set a firm deadline of 8 p.m. ET Tuesday (1 a.m. GMT Wednesday) for Iran to reach a deal and reopen the strait, warning of decisive action if unmet. He has threatened to “decimate” Iranian bridges and power plants, stating the country “could be taken out in one night.
”Iran has rejected recent ceasefire proposals, calling instead for a permanent end to hostilities, while markets remain on edge with no clear resolution in sight.
Analysts warn that sustained high oil prices could fuel global inflation and slow economic growth, though some investors still hope for a last-minute diplomatic breakthrough.
The developments come as the International Energy Agency has described the current oil and gas crisis linked to the Hormuz blockade as potentially more severe than previous major shocks combined.
International
Trump warns Entire Iran could be ‘taken out’ Tuesday night
” The entire country could be taken out in one night, and that night might be Tuesday night,” he said.
US President Donald Trump says Iran could be “taken out” in one night as the deadline set for the country to open the Strait of Hormuz to shipping traffic approaches.
On Saturday, Trump gave Iran 48 hours to comply or risk facing “hell”.
He later threatened that the US would blow up Iran’s power plants and bridges if Tehran failed to adhere to his warning.
The US president said Iran had until Tuesday at 8 p.m. ET (1 am WAT) to make a deal.
In a press conference on Monday, Trump reiterated and intensified his threats.
“The entire country could be taken out in one night, and that night might be Tuesday night,” he said.
International
Trump orders Iran to open Strait of Hormuz by Tuesday or face ‘hell’
The president threatened to bomb the country’s power plants and bridges.Trump subsequently posted “Tuesday, 8:00 P.M. Eastern Time!” without further explanation.
President Donald Trump gave Iran until Tuesday to open the Strait of Hormuz or face attacks on its power plants.
Consequently, U.S. crude oil futures for May pared earlier gains to rise 0.5% at $112.08 per barrel at 9:28 p.m. ET. International benchmark Brent prices for June delivery also scaled back to 1.3%, trading at $110.47 per barrel.
Trump gave the warning on Sunday in an expletive-filled social media post that Iran would be “living in Hell” if they do not open the Strait.
The president threatened to bomb the country’s power plants and bridges.Trump subsequently posted “Tuesday, 8:00 P.M. Eastern Time!” without further explanation.
Iran has effectively kept the Strait closed through attacks on oil tankers.
The sea route connects the Persian Gulf to world markets. About 20% of global supplies passed through the Strait before the war.
The closure of the Strait has triggered the largest oil supply disruption in history. Crude, jet fuel, diesel and gasoline prices have surged since the war started.
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