WORLD IN BRIEF: Hormuz ceasefire strains, Trump escalates EU tariff threat, Zimbabwe to return seized farms and other stories

🔴 Tension Rising Business News Nigeria 2026-05-08
Fresh fighting between the United States and Iran near the Strait of Hormuz has raised concerns about the fragility of the ceasefire. The US accused Iran of violating the truce, while Iran claimed American forces initiated the attacks. Trump threatened the EU with higher tariffs if the trade agreement isn't fully implemented by July 4th.
미이란외교중재외교석유제재유가영향경제제재
Source: Business News Nigeria (businessday.ng)
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