Trump threatens to destroy Iranian ships amid new blockade
US President Donald Trump ordered naval blockade around Iranian ports, warning any approaching Iranian attack boats will be 'immediately ELIMINATED' despite ongoing truce. The blockade, supposed to start Monday at 1400 GMT, had no confirmed implementation as deadline passed. Trump announced move after VP Vance delegation failed to secure peace deal following February 28 war launch.
Oil prices jumped 8% Monday amid fears renewed standoff would block Hormuz Strait tankers, directly impacting Nigeria's oil-dependent economy. Iran had already closed strait to enemy shipping, allowing only vessels from friendly nations like China to pass.
International community urged restraint - Pakistan and Qatar called for truce respect, China criticized the plan, while Spain, UK and France refused to join or criticized the blockade. Russia offered to hold Iran's enriched uranium safely to resolve nuclear program tensions.
With Nigeria heavily dependent on oil exports, monitor fuel prices and market volatility. The escalating conflict threatens global oil trade stability, potentially affecting Nigerian revenue and international business operations.