Breaking News
Iran Denies Ship Attack as Trump Warns
Iran denied on Thursday attacking a South Korean cargo ship in the Strait of Hormuz this week, as US President Donald Trump said a deal to end the war was “very possible” but warned Washington would resume bombing if talks failed.
Tehran’s embassy in Seoul said it “firmly rejects and categorically denies” allegations that its armed forces were behind a blast aboard the Panama-flagged HMM Namu, which caught fire on Monday while transiting the strategic waterway with 24 crew members on board.
Trump later claimed Iran had “taken some shots” at the vessel and urged South Korea to join US-led efforts to restore shipping through the strait.
The war, launched by the United States and Israel in late February, saw Iran respond with attacks across the Middle East and impose a chokehold on the Strait of Hormuz, rattling global energy markets.
Despite Trump’s optimism, Iran has yet to respond to a new US proposal, with its chief negotiator warning that Washington was seeking to force the Islamic republic’s “surrender.”
Signs that the foes could return to the table after weeks of deadlock grew after Trump halted a short-lived military operation to reopen the strait, citing hopes for a deal.
– ‘Very possible’ –
“We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal,” Trump told reporters Wednesday.
But he had warned earlier that if Iran did not honour what had been agreed, bombing would resume “at a much higher level and intensity.”
Iran’s foreign ministry spokesman Esmaeil Baqaei said the US proposal remained “under review” and Tehran would communicate its position to mediator Pakistan “after finalising its views.”
Parliament speaker Mohammad Bagher Ghalibaf, who has led Iran’s negotiations, warned that Washington sought “through a naval blockade, economic pressure and media manipulation, to destroy the country’s cohesion in order to force us to surrender.”
US news outlet Axios, citing two officials, reported both sides were close to agreement on a one-page memorandum of understanding to end the war and set a framework for nuclear negotiations.
Pakistani Prime Minister Shehbaz Sharif, a key figure in initial talks in Islamabad, said he was “very hopeful that the current momentum will lead to a lasting agreement that secures durable peace and stability for the region and beyond.”
– Macron presses Tehran –
French President Emmanuel Macron, meanwhile, told his Iranian counterpart Masoud Pezeshkian in a phone call Wednesday that attacks on UAE civilian infrastructure and ships near the strait were “unjustified,” urging all parties to lift their dual blockade in the waterway “without delay and without conditions.”
Pezeshkian told Macron that any full reopening of the strait required the lifting of the US naval blockade, adding that “excessive demands, threatening statements, and failure to adhere to necessary frameworks by the United States have further complicated the path of diplomacy,” according to the Iranian presidency.
The call came as France’s aircraft carrier Charles de Gaulle transited the Suez Canal en route to the southern Red Sea, where it will pre-position for a possible multinational mission to restore navigation in the strait.
The deployment was intended to send “a signal that not only are we ready to secure the Strait of Hormuz but that we are also capable of doing so,” a Macron aide told reporters.
Macron and British Prime Minister Keir Starmer are leading the initiative, which more than 40 countries have joined in military planning.
– Stocks surge –
Investors welcomed the pause in US escort operations through the strait, with the S&P 500 and Nasdaq closing at record highs.
That led to Tokyo’s Nikkei index soaring Thursday to lead another strong rally across Asia stocks. Oil prices also held the week’s steep losses on hopes of a deal to end the war.
But in Tehran, one resident told Paris-based AFP journalists that the prospect of any deal with the current Iranian government was “terrifying.”
“We’ve gone through so much hardship and suffering, and no achievements for the people?” said translator Azadeh, 43.
“I honestly just hope they finish this regime.”
On the Lebanese front, Israel struck Beirut’s southern suburbs Wednesday in the first such attack in nearly a month, killing a senior Hezbollah commander from its elite Radwan force, a source close to the Iran-backed group told AFP.
At least 11 others were killed in strikes across the country’s south and east, Lebanon’s health ministry said.
The Israeli military said in a statement Thursday that an “explosive drone impact” had wounded four of its soldiers — one severely — in southern Lebanon the previous day.
AFP
Breaking News
BUNKERING: Troops Uncover Suspected Illegal Refinery In Rivers, Recover Crude Oil Processing Equipment
Troops have uncovered suspected illegal crude oil refining equipment during a patrol operation in the Orashi National Forest, Ahoada West Local Government Area of Rivers State.
The development was disclosed in a report by Zagazola Makama, a counter-insurgency and security expert covering the Lake Chad region.
According to the report, the discovery was made at about 12:00pm on Saturday by troops of the 16 Brigade Garrison at Abissa in collaboration with personnel of the 5 Battalion while carrying out anti-crude oil theft operations.
Makama reported that the troops discovered equipment believed to have been used for suspected illegal crude oil refining activities during the patrol.
Items recovered from the site included one large oven drum, one large coolant, two small oven drums, one small coolant, one long galvanised pipe and two sacks containing crude oil.
Makama said the recovered items were handled in line with the operational procedures guiding the ongoing anti-crude oil theft operations.
“The operation forms part of sustained efforts by security forces to dismantle illegal refining camps, curb crude oil theft and protect critical national assets in the Niger Delta region,” the report stated. …For more, Complete your reading.
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US-Based Nigerian Seek Court To Set Aside Judgment
A Nigerian-American engineer, Anthony Ehiedu Ugbebor, has asked the Court of Appeal to overturn the judgment of the Lagos High Court which declared that his property purchase agreement with a developer, Mr Olukayode Olusanya and Oak Homes Multinational Services Limited had been extinguished by the doctrine of novation.
The Lagos High Court had in the judgment ordered the refund of the N152 million Ugbebor paid for two luxury apartments in Victoria Island, Lagos.
In a Notice of Appeal filed by his counsel, Barrister Nasir Salau of Nasir Salau & Co., challenging the June 15, 2026 judgment delivered by Justice Akingbola George, Ugbebor argued that the trial judge misapplied settled principles of contract law, ignored material evidence, wrongly dismissed his counterclaim, and erroneously refused his claim for specific performance of the property sale agreement.
The appeal arose from Suit No. LD/4471LM/2023, instituted by property developer Olukayode Olusanya and Oak Homes against Ugbebor and the Economic and Financial Crimes Commission, EFCC, over alleged trespass on two second-floor three-bedroom apartments located at 14A Musa Yar’Adua Street, Victoria Island, Lagos.
Although the Lagos High Court dismissed most of the developer’s claims, it held that the parties’ conduct had effectively terminated their original agreement through novation.
The court also ordered Olukayode and Oak Homes to refund the N152 million previously paid by Ugbebor, while dismissing the engineer’s counterclaim seeking completion and delivery of the apartments or, alternatively, damages.
Dissatisfied with those findings, Ugbebor asked the Court of Appeal to overturn the judgment, restore the validity of the original contract and compel Oak Homes to honour its obligations under the agreement
Ugbebor also urged the appellate court to set aside the judgment in its entirety, arguing that the Lagos High Court’s findings were contrary to the evidence and established legal principles governing contracts.
He maintained that the original agreement remained valid and enforceable and asked the Court of Appeal to compel Oak Homes to honour its contractual obligations.
One of his principal complaints is that the trial judge wrongly placed the burden of proving payment on him instead of the claimant.
According to the Notice of Appeal, the judge erred in holding that he failed to make payments within contractual timelines despite evidence that the payment structure under the agreement was tied to construction milestones rather than fixed dates.
The appellant argued that under the payment schedule contained in Exhibit CW1, 35 percent of the purchase price became payable upon completion of the roofing stage, while the final 20 per cent became payable only upon completion of the apartments.
He maintained that the agreement never required payment on fixed calendar dates and that he had already paid about 80 per cent of the agreed purchase price even though the developer allegedly failed to attain the contractual milestones.
According to him, the trial judge misconstrued the payment clauses and ignored the unchallenged testimony of the defence witness that substantial payments had been made despite the developer’s inability to complete the project as agreed.
He further argued that under the Evidence Act, the burden of proving non-payment rested on Oak Homes, which alleged breach of contract, and not on him.
A major plank of the appeal is the trial court’s reliance on the doctrine of novation.
Justice George had held that the conduct of both parties created a new contractual relationship which effectively extinguished the original agreement.
However, Ugbebor argued that the finding was contrary to established principles of Nigerian contract law.
Relying on the Supreme Court’s decision in Heritage Bank Ltd v. Ajugwo, he contended that novation cannot be presumed merely from the conduct of parties.
According to him, for novation to arise there must be a clear agreement by all parties to substitute the original contract with a new one, coupled with an intention to extinguish the previous contractual obligations.
He argued that no witness testified that such a new agreement existed and no documentary evidence established one.
Rather, he maintained that the conduct relied upon by the trial court was consistent only with issues of delayed performance and alleged breach, not the creation of an entirely new contract.
He therefore urged the Court of Appeal to hold that the original agreement remained valid and binding. …For more, Complete your reading.
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