Trump says US-Iran ceasefire over, talks may continue if Tehran returns

On June 11, 2026, US President Donald Trump said the United States has agreed to continue negotiations with Iran but declared the April 8 ceasefire between the two countries over, calling Iranian officials 'scum' and 'sick people.' He said he would talk to negotiators Steve Witkoff and Jared Kushner, but stressed that Iran must return to the table. The same week, Tehran targeted commercial ships, the US responded with strikes, and Iran attacked US assets in Middle Eastern countries using drones and missiles.

Escalation between the US and Iran can disrupt global oil supplies and push up crude prices, which may affect Nigeria’s fuel costs, foreign exchange earnings, and inflation. Disruptions to Gulf shipping could also raise freight costs for Nigerian importers and exporters. While the conflict is far away, its ripple effects reach Nigerian households and businesses through pump prices and commodity costs.

Monitor global oil price trends and consider how potential fuel price changes may affect your budget or business costs. If you rely on imported goods, check freight cost updates. Stay informed through credible news sources for any shifts in diplomatic talks or military escalations that could alter the outlook.

SOURCE: https://www.channelstv.com/2026/07/10/us-agrees-to-more-iran-talks-but-ceasefire-over-says-trump/