US President Donald Trump extended by 24 hours his ultimatum to Iran, now setting Tuesday as the deadline to reach a deal over the Strait of Hormuz standoff. The original deadline had been expected on Monday, but Trump's Sunday statement indicated a short delay. He warned Iran that failure to comply would result in devastating infrastructure attacks. The Strait of Hormuz, a critical global oil shipping route, has been at the center of escalating tensions between the two nations. Trump's administration has insisted on the free flow of energy through the waterway, which sees about a fifth of the world's oil pass through it daily. Iran has not issued a formal public response to the revised deadline. The delay provides a narrow window for diplomatic efforts, though no negotiations have been confirmed. The US has deployed additional military assets to the region in recent days.
Trump shifting a deadline by a day shows how fluid his foreign policy decisions can be, even on matters of military consequence. The fact that the Strait of Hormuz — a chokepoint for global oil — remains a flashpoint affects Nigeria's economy more than most. Any disruption to global crude markets could destabilize Nigeria's oil-dependent revenue stream. A last-minute change in Washington may feel distant, but its ripple could hit home fast.
