Wahala don full ground again for Middle East as US–Iran peace talk wey hold for Pakistan don fail woefully. The talk wey last for 21 hours end without any agreement, and now US President Donald Trump don order US Navy to begin blockade for all ships wey dey enter and leave Iranian ports inside Strait of Hormuz from Monday morning.
This blockade go start by 10am US time, and US Central Command say dem go apply am to all ships from any country wey dey go Iranian ports. But ships wey dey travel between non-Iranian ports fit still pass through the Strait. Iran don already warn say any enemy wey try challenge dem for the waterway go enter “deadly vortex.”
Because of this fresh tension, crude oil price don jump pass $100 per barrel, and global markets don begin shake. For India, Sensex and Nifty 50 don crash more than 1% as investors dey fear say the Middle East conflict fit last longer than dem expect. Foreign Portfolio Investors don already pull out around ₹1.8 lakh crore from Indian equities this year because of the war and rising oil prices.
Trump talk say Iranian navy don “destroyed” and 158 ships don sink, but e still dey complain about NATO countries wey no support US well for the war. E say America pay trillions of dollars for NATO but dem no show for US when need dey. Now dem wan help but Trump say e too late.
Meanwhile, Pope Leo XIV wey be first American pope don reply Trump after the president criticize am for speaking against the Iran war. Pope talk say e no fear Trump administration and e go continue to preach peace according to Gospel message. Trump don call Pope “weak on crime” and “terrible for foreign policy.”
For other news, US military don blow up two boats for eastern Pacific Ocean wey dem accuse of smuggling drugs, kill five people. This bring total number of people wey US don kill for such boat strikes to at least 168 since Trump administration begin target alleged drug traffickers for Latin America.
As oil price dey rise, Indian oil marketing companies like IOC, BPCL and HPCL don see their shares crash up to 5%. Gold price don also fall as dollar dey strengthen. For Asian markets, Japan Nikkei 225 don drop 0.7%, South Korea Kospi plunge 1.83%, and Hong Kong Hang Seng dey show sign of lower opening.
Indian rupee don weaken 55 paise to open at 93.28 against US dollar as crude oil price spike. Brent crude don rally 6.8% to trade just below $102 per barrel. Experts dey warn say if the conflict prolong, India’s economy go feel am seriously.
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