Iran denies Trump's ceasefire claim, says no talks ongoing

Iran has rejected U.S. President Donald Trump's assertion that Tehran requested a ceasefire in the ongoing conflict, calling the statement 'false and baseless.' Iranian Foreign Ministry spokesperson Esmail Baghaei told state television that no negotiations are currently taking place, contradicting Trump's claims of smooth talks with Iranian authorities. Separately, Iran's Revolutionary Guard declared the Strait of Hormuz 'fully under their control' and warned it would not be open to what it called 'enemies of this country' following 'the silly show put on by the U.S. president.'

This matters for Nigerians because the Strait of Hormuz is a critical global oil chokepoint—about 20% of worldwide oil supply passes through it. Any threat to close or militarize the strait risks immediate spikes in global crude prices, which directly impact Nigeria's fuel costs and inflation. The escalation also increases regional instability that could affect oil markets and, by extension, Nigeria's economy.

Monitor domestic fuel prices closely over the coming weeks, as global supply fears may quickly translate to higher pump prices. Follow official communications from the Nigerian National Petroleum Corporation (NNPC) and Ministry of Petroleum Resources for any emergency measures. Consider budgeting for potential transportation cost increases if crude prices surge. The situation remains volatile—further U.S.-Iran moves could trigger sharper reactions.

SOURCE: https://dailypost.ng/2026/04/01/war-false-baseless-iran-slams-trump-over-ceasefire-claim/