Global energy markets are in freefall after U.S. President Donald Trump announced a breakthrough deal with Iran to end the war and completely reopen the vital Strait of Hormuz.

​In immediate response to the diplomatic breakthrough, Brent crude—the global oil benchmark—dropped sharply by 4.7% to $83.24 (£61.94) a barrel. Financial markets reacted with a massive sigh of relief, sending shares in Asia and Europe jumping as geopolitical tensions eased.

​The historic agreement was reached with the help of Pakistan, which has served as a key mediator throughout the conflict. According to the Prime Minister of Pakistan, the United States and Iran are scheduled to formally sign a memorandum of understanding in Switzerland this Friday. Trump further confirmed on Sunday that the U.S. naval blockade of Iranian ports would end, and promised that the Strait of Hormuz would be open “toll free.”

​The resolution comes after a devastating three-month disruption to the global economy. The world has lost millions of barrels of oil and gas supply since the war closed the Strait of Hormuz, a critical maritime chokepoint that handles a fifth of the world’s total oil and liquefied natural gas supplies.

Relief is expected to materialize over the coming weeks. According to Iran’s semi-official Mehr news agency, the draft deal calls for reopening the Strait of Hormuz within 30 days under Iranian arrangements, paving the way for a full restoration of global energy trade.

Governor Douye Diri of Bayelsa State has condemned the recent wave of xenophobic attacks against African migrants in South Africa, describing the incidents as a threat to the spirit of unity and brotherhood on the continent.

Speaking at a public event, Diri expressed concern over the growing hostility towards foreign nationals in parts of South Africa, stressing that such actions undermine the ideals of Pan-Africanism and regional cooperation that African leaders have worked hard to promote.

The governor urged African countries to strengthen their commitment to solidarity, noting that challenges facing one nation should be met with collective support rather than division. He emphasized that mutual respect and cooperation remain essential for the continent’s progress.

Diri’s remarks come amid renewed concerns over attacks targeting migrants in South Africa. Recent reports indicate that several foreign nationals have been displaced by anti-immigrant violence, while Mozambique confirmed the deaths of some of its citizens during the unrest.

The incidents have drawn reactions from governments, human rights groups, and regional organizations, with growing calls for stronger measures to protect migrants and prevent further violence.

As tensions continue to attract international attention, Diri called on African leaders and citizens alike to promote peaceful coexistence and preserve the bonds that unite nations across the continent.

The Nigeria Union of Teachers (NUT), Oyo State Wing, has directed all public primary and secondary school teachers in the state to embark on an indefinite strike beginning Monday, June 1, 2026, over the continued captivity of abducted teachers and pupils in Oriire Local Government Area.
The directive follows growing concerns about the safety and security of teachers and students after 46 pupils and their teachers were reportedly abducted by suspected terrorists in the Ahoro-Esinele and Yawota communities.
In a statement jointly signed by the Chairman of the Oyo State NUT, Hassan Fatai, and the Secretary, Salami Olukayode, the union said the prolonged detention of the victims has generated fear and anxiety among teachers, discouraged school attendance, and heightened tension within affected communities.
According to the union, the strike action is aimed at drawing the attention of government authorities and security agencies to the urgent need to intensify efforts toward the safe and unconditional release of the abducted teachers and pupils.
The NUT directed all teachers in public primary and secondary schools across Oyo State to fully comply with the industrial action and remain at home pending further directives from the union.