Headline
Crude Sinks As Trump Delays Decision On Iran Strike

Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel’s attacks on Iran.
Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday, he said he would decide “within the next two weeks” whether to involve the United States, giving diplomacy a shot to end the hostilities.
While tensions are sky high amid fears of an escalation, the US president’s remarks suggested the crisis could be prevented from spiralling into all-out war between the Middle East foes.
Since Israel first hit Iran last Friday, the two have exchanged deadly strikes and apocalyptic warnings, though observers said the conflict has not seen a critical escalation.
European foreign ministers were due to meet their Iranian counterpart on Friday in Geneva.
READ ALSO: Iran, Israel Need ‘To Fight It Out’ To Reach Deal – Trump
In a statement read out by White House Press Secretary Karoline Leavitt, the president said: “Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks.”
Leavitt added: “If there’s a chance for diplomacy, the president’s always going to grab it, but he’s not afraid to use strength as well.”
Both main oil contracts were down around two per cent Friday, but uncertainty prevailed, and traders remained nervous.
“Crude still calls the shots, and volatility’s the devil in the room — and every trader on the street knows we’re two headlines away from chaos,” said Stephen Innes at SPI Asset Management.
“Make no mistake: we’re trading a geopolitical powder keg with a lit fuse.
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“President Trump’s two-week ‘thinking window’ on whether to join Israel’s war against Iran is no cooling-off period — it’s a ticking volatility clock.”
Stocks were mixed following a public holiday in New York, with Hong Kong, Taipei, Mumbai and Bangkok all up with London, Paris and Frankfurt.
Seoul’s Kospi led the gains, rising more than one per cent to break 3,000 points for the first time in nearly three and a half years.
The index has risen every day except one since the June 4 election of a new president, which ended months of political crisis and fuelled hopes for an economic rebound.
Tokyo fell as Japanese core inflation accelerated, stoked by a doubling in the cost of rice, a hot topic issue that poses a threat to Prime Minister Shigeru Ishiba ahead of elections next month.
READ ALSO:Netanyahu Says Israel’s Strikes On Iran Have ‘Clear Support’ Of Trump
There were also losses in Shanghai, Sydney, Singapore, Manila and Jakarta.
The Middle East crisis continues to absorb most of the news but Trump’s trade war remains a major obstacle for investors as the end of a 90-day pause on his April 2 tariff blitz approaches, with few governments reaching deals to avert them being imposed.
“While the worst of the tariffs have been paused, we suspect it won’t be until those deadlines approach that new agreements may be finalised,” said David Sekera, chief US market strategist at Morningstar.
“Until then, as news emerges regarding the progress and substance of trade negotiations, these headlines could have an outsize positive or negative impact on markets.”
Key figures at around 0715 GMT: Brent North Sea Crude: DOWN 2.6 percent at $76.85 per barrel, West Texas Intermediate: DOWN 1.9 percent at $73.62 per barrel, Tokyo – Nikkei 225: DOWN 0.2 percent at 38,403.23 (close), Hong Kong – Hang Seng Index: UP 0.8 percent at 23,421.80, Shanghai – Composite: DOWN 0.1 percent at 3,359.90 (close), London – FTSE 100: UP 0.3 percent at 8,819.26 Euro/dollar: UP at $1.1517 from $1.1463 on Thursday, Pound/dollar: UP at $1.3467 from $1.3429, Dollar/yen: DOWN at 145.38 yen from 145.63 yen Euro/pound: UP at 85.51 pence from 85.36 pence.
AFP
Headline
US Lifts Restrictions On Visa Validity For Ghanaians, Leaves Nigeria’s Unchanged
The United States has restored the maximum validity periods for all categories of nonimmigrant visas for Ghanaian nationals following Ghana’s agreement to accept West African deportees, but similar restrictions for Nigerians remain in place.
The B1/B2 visitor visa is now valid for up to five years, with multiple entries allowed, while the F1 student visa’s maximum validity has been restored to four years, with multiple entries permitted.
“The U.S. Embassy is pleased to announce that the maximum validity periods for all categories of nonimmigrant visas for Ghanaians have been restored to their previous lengths. The maximum validity allowed for the B1/B2 visitor visa is again five years, multiple entry. The maximum validity for the F1 student visa is again four years, multiple entry,” the U.S. Embassy announced in a tweet on Saturday.”
Ghana’s Foreign Minister, Samuel Ablakwa, also announced in a tweet that the new policy now allows citizens to apply for five-year multiple-entry visas.
READ ALSO:Japan Scraps ‘Africa Hometown’ Project After Visa Confusion
Ablakwa also stated that the reversal of the restriction comes with other enhanced consular privileges, adding that the development was the result of months of diplomatic engagement.
“The U.S. visa restriction imposed on Ghana has been reversed. Ghanaians can now be eligible for five-year multiple-entry visas and other enhanced consular privileges,” Ablakwa stated.
“This good news was directly communicated to me by U.S. Under Secretary of State for Political Affairs, Allison Hooker, at a bilateral meeting earlier today, in the margins of the UN General Assembly. I am really pleased that months of high-level diplomatic negotiations have led to a successful outcome.”
These changes reverse earlier restrictions imposed under the Trump administration, which had limited most visas to single-entry and a three-month validity period.
READ ALSO:H-1B Visas: Trump To Impose $100,000 Annual Fee For Skilled Foreign Workers
The restrictions affected several African countries, including Ghana and Nigeria, and were based on concerns over visa reciprocity and the acceptance of deported migrants.
In July, the U.S. Consulate in Nigeria announced updates to its reciprocal nonimmigrant visa policy, stating: “The United States Department of State has announced updates to its reciprocal non-immigrant visa policy, impacting several countries, including Nigeria. Effective immediately, most non-immigrant and non-diplomatic visas issued to citizens of Nigeria will be single-entry visas with a three-month validity period.
“Those U.S. non-immigrant visas issued prior to July 8, 2025, will retain their status and validity. We wish to underscore that, as is standard globally, visa reciprocity is a continuous process and is subject to review and change at any time, such as increasing or decreasing permitted entries and duration of validity. You can view the latest information on visa reciprocity schedules for all countries at travel.state.gov.”
Reports indicate that the U.S. pressured some African nations to accept deported migrants, including Venezuelan detainees from U.S. prisons.
READ ALSO:US Defends New Social Media Vetting For Nigerian Visa Applicants
Nigerian Foreign Minister Yusuf Tuggar rejected these pressures, stating that Nigeria would not serve as a “dumping ground” for deportees.
“It would be difficult for countries like Nigeria to accept Venezuelan prisoners into Nigeria,” Tuggar said during a televised interview.
“We have enough problems of our own; we cannot accept Venezuelan deportees to Nigeria. We already have 230 million people.”
Meanwhile, Ghanaian President John Mahama confirmed that Ghana had begun accepting deported West African nationals after U.S. requests.
“We were approached by the U.S. to accept third-party nationals who were being removed from the U.S., and we agreed with them that West African nationals were acceptable,” Mahama said.
“All our fellow West African nationals don’t need visas to come to our country.”
Headline
UK Nursery Worker Jailed For Abusing 21 Babies
A judge on Friday jailed a nursery worker for eight years for a string of “gratuitous” and “sadistic” attacks on babies.
In one incident, Londoner Roksana Lecka, 22, kicked a little boy in the face several times.
Lecka, who blamed cannabis for her crimes, admitted seven counts of cruelty to a person under the age of 16 and was convicted after a trial of another 14 counts.
Sentencing her for attacks on 21 babies, Judge Sarah Plaschkes said she had committed “multiple acts of gratuitous violence” at two London nurseries where she worked.
“You pinched, slapped, punched, smacked and kicked them. You pulled their ears, hair and their toes. You toppled children headfirst into cots,” she said.
READ ALSO:UK Set To Announce Recognition Of Palestinian State
“Often the child would be quietly and happily minding its own business before you deliberately inflicted pain… Your criminal conduct can properly be characterised as sadistic,” she added.
Lecka’s cruelty was revealed in June 2024 after she was seen pinching a number of children.
Police were called in and found multiple incidents recorded on the nursery CCTV.
Victim impact statements submitted to London’s Kingston Crown Court from parents of Lecka’s victims told how they were left heartbroken and guilt-stricken by the attacks.
“These children were so innocent and vulnerable,” one mother told the court.
READ ALSO:Kenya Court Seeks UK Citizen’s Arrest Over Mother’s Murder
“They couldn’t speak, they couldn’t defend themselves and they couldn’t tell us as parents that something had happened to them,” she added.
“They were totally helpless and Roksana preyed upon them.”
The hearing was told that she had apologised to the parents in a letter to the court in which she said cannabis had turned her into a different person.
She had been addicted to the drug around the time of the offences, but had not told the nursery.
She was found not guilty of three further counts of child cruelty.
Headline
Italy Fines Six Oil Firms $1bn Fine For Restricting Competition
Italy’s antitrust regulator said Friday it has slapped Italian energy giant Eni and five other companies with fines totalling more than 936 million euros ($1.1 billion) for “restricting competition” in the sale of fuel.
The authority said in a statement that Eni, Esso, Ip, Q8, Saras and Tamoil “coordinated to set the value of the bio component factored into fuel prices”, which tripled between 2019 and 2023.
READ ALSO:PICTORIAL: NDLEA Intercepts Cocaine, Opioid Shipments Meant For US, Saudi Arabia, Italy, Poland
A probe following a whistleblower’s complaint revealed that “the companies implemented parallel price increases — largely coinciding — which were driven by direct or indirect information exchanges among them”, the authority said.
“The cartel began on 1 January 2020 and continued until 30 June 2023,” it added.
AFP
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