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Iran Warns Deal With US Not Yet Close, Despite Minimal Progress

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World oil prices tumbled on renewed optimism about an agreement, after top US diplomat Marco Rubio suggested a deal could be reached within the day.

Iran warned Monday that, while some progress had been made, it was not yet close to striking a deal with the United States to end the Middle East war, after a weekend of mixed messages from Washington and Tehran.

World oil prices tumbled on renewed optimism about an agreement, after top US diplomat Marco Rubio suggested a deal could be reached within the day — but Iran’s foreign ministry spokesman responded: “No one can make such a claim.”

Meanwhile, Pakistan’s Prime Minister Shehbaz Sharif — whose government is spearheading efforts to mediate a negotiated agreement between the United States and Iran — met China’s President Xi Jinping in Beijing.
US and Iranian forces have observed a ceasefire since April 8 while diplomats push for a negotiated settlement, although Iran has maintained controls on Gulf shipping through the Strait of Hormuz and the US Navy has sought to blockade Iran’s ports.

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“We thought we might have some news last night, maybe today,” US Secretary of State Rubio told reporters during a visit to New Delhi, referring to hopes for a deal.

“We have what I think is a pretty solid thing on the table in terms of their ability to open up the straits, get the straits open,” he said.
“We’re either going to have a good agreement or we’re going to have to deal with it another way. We’d prefer to have a good agreement,” he said.
But in Tehran, foreign ministry spokesman Esmaeil Baqaei poured cold water on hopes for a quick final settlement.

‘Certain fees’

“It is correct to say that we have reached a conclusion on a large portion of the issues under discussion,” he told a weekly news briefing.
“But to say that this means the signing of an agreement is imminent — no one can make such a claim.”

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Baqaei stressed that Iran would continue to manage maritime traffic through the Strait of Hormuz by charging service fees — arguing that this did not amount to Tehran “seeking to collect tolls”.

“The services that are provided — navigational services in addition to the measures necessary to protect the environment of the Strait of Hormuz, the Persian Gulf and the Sea of Oman — require the collection of certain fees,” he said.

Earlier, President Donald Trump had said that he had told his negotiators “not to rush into a deal, in that time is on our side”, and warned that the US naval blockade would remain in place until a deal was reached.
A post on Trump’s Truth Social read: “If I make a deal with Iran, it will be a good and proper one,” adding that: “It isn’t even fully negotiated yet.”
Israel’s Prime Minister Benjamin Netanyahu said Sunday that he and Trump had agreed that “any final agreement with Iran must eliminate the nuclear threat entirely.”

‘Lasting peace’

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Iranian officials have stressed that, despite the long-standing US demand for an end to its uranium enrichment, talks on the issue of Iran’s contested nuclear programme have been deferred until after an initial agreement.
The war, which erupted after the United States and Israel attacked the Islamic republic on February 28 and saw Iran respond with missile and drone attacks across the region, drove energy prices higher.
Crude oil remains expensive by recent standards, but prices have see-sawed and Monday’s mood of relative optimism caused prices to plunge by almost five percent.
The price of North Sea Brent crude and West Texas Intermediate slipped to $99.00 and $92.10 a barrel respectively.
On Saturday, leaders from Saudi Arabia, the United Arab Emirates, Qatar, Egypt, Jordan and Bahrain, as well as representatives from Turkey and Pakistan, joined a call with Trump to discuss the deal.
The focus of international efforts moved to Beijing on Monday, where Pakistan’s Sharif and army chief Asim Munir, who visited Tehran on Saturday, met senior leaders including Xi and Premier Li Qiang.
Speaking to Chinese leaders, Sharif said “the world is passing through a critical moment”, Pakistan’s state-run PTV channel showed.
“Things are moving in the right direction. I would like to thank China’s support to promote peace.”

AFP

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PFIPC: Adeyemi ready to submit documents to security operatives

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Ademiyi Adeyemi man connected to the controversial Presidential Foreign Investment Promotion Council (PFIPC), has expressed his willingness to cooperate with security agencies by submitting all documents in his possession to aid investigations into the alleged agency.

Adeyemi made the declaration during a conversation with social media activist Martins Vincent Otse, popularly known as VeryDarkMan, amid growing public scrutiny over the existence and activities of the purported council.

The controversy was ignited after the Presidency distanced itself from the PFIPC, insisting that no such government agency exists. The clarification was reportedly conveyed by the Chief of Staff to the President, Femi Gbajabiamila, following widespread concerns and questions surrounding the council’s operations and authenticity.Executive Branch.

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Responding to the development, Adeyemi said he has nothing to conceal and is prepared to assist any investigation aimed at uncovering the truth behind the matter.

He disclosed that he intends to report to either the Department of State Services (DSS) or the Nigeria Police Force (NPF) with all documents in his possession, which he believes could help investigators establish the facts surrounding the controversial body.

 

According to him, the documents should be carefully examined and authenticated by the appropriate authorities to determine how the alleged council came into existence, who initiated its operations, and whether it had any legitimate backing.

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I’m willing and ready to help security agencies or any panel set up by Mr. President to unravel the truth,” Adeyemi said.

“In fact, any moment from now, I will go to the DSS or the police to submit all the documents I have to help them investigate and look into this matter.”

He maintained that he has no reason to withhold any information and welcomed a thorough investigation by the relevant authorities.

“You will see any moment from now, I will go. I’ll go to any DSS office to submit all my documents.

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They should authenticate them. They should verify them. Then they should unravel the truth,” he added.

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DAY 21 of Projects Commissioning in the FCT:

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President Tinubu To Commission Road Linking Body of Benchers To Two Private Universities Today

#ProjectsFCT2026
#FCT31DaysCommissioning

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Read today’s major headlines, July 8, 2026

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Read today’s major headlines, July 8, 2026

Oil rises to $74 after Hormuz tanker attacks

FG moves to streamline 270 oil industry taxes, levies

DMO opens July FGN Savings Bond at 15.716%

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Over $20bn deal signed in one year as oil output hits 1.7m bpd – NNPCL

Dangote breaks ground on $17bn Kenya refinery

18 first-term APC governors in closed-door meeting in Kebbi

NTTF camps 35 players for Ghana, Guinea tournaments

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Switzerland qualify for quarterfinals, beat Colombia 4-3 on penalties

World Cup: We’ve suffered injustice, says Egypt coach after loss to Argentina

Elon Musk’s net worth drops $50bn as SpaceX shares tumble again

US revokes Iran oil waiver after Hormuz tanker attacks

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Suspected jihadists kill at least 22 soldiers, militia in Burkina Faso

531 Nigerians entered UK illegally in eight years – Home Office

Xenophobia: Fourth evacuation flight to arrive Nigeria Wednesday

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*DID YOU KNOW?*

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* The official Adidas Trionda match ball of the 2026 FIFA World Cup features just four stitched panels—the fewest ever—and houses an internal motion sensor to track exact placement.

* Salt lowers the freezing point of water. That is why salt is put on roads during the winter to melt ice.
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Tinubu orders ICPC probe into fake Presidential council, gives 30-day deadline

Tinubu inaugurates panel to draft National Policing Bill for state police implementation

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Tinubu receives UAE minister Shakhboot Nahyan at State House

Insecurity: Halt rehabilitations, try B-Haram members, Senate tells FG

Xenophobia: Senate pushes sanctions against S’Africa, orders probe

Reps mourn late Gombe lawmaker, adjourn sitting

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Seize S’African companies profits to pay xenophobia victims, Oshiomhole urges FG

Warri, PH refineries ex-MDs face trials over alleged $989,630, N1.42bn fraud

Court reserves judgment as Wabara BoT pushes Turaki PDP recognition

ICPC accuses El-Rufai of breaching medical visit, arrests personal doctor

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Fraud trial: Court releases ex-AMCON MD’s passport for medical trip

753 duplexes: Witness admits no direct dealings with Emefiele

EFCC hands over 1,452 recovered items to Unity Schools

PSC dismisses four senior police officers, demotes 10

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Troops kill notorious terrorist commander, foil attacks in Zamfara, Katsina

‘Phantom’ Council: I’ve never met Adeyemi, says Gbaja

NNPC saves $3.4bn through contract review as Ojulari unveils one-year scorecard

Education minister inaugurates Abia smart school

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CBN crackdown to spur microfinance consolidation, deposit shift

FG summons stakeholders on Lagos-Calabar coastal highway

Umahi knocks coastal highway critics, cites jobs, economic gains

FG provides inputs to 5,642 Gombe farmers

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PenCom moves to amend Pension Reform Act after 12 years

FAO boosts 210,000 farmers in Borno, Adamawa, Yobe with inputs

Almajiri commission: National Assembly inserted road projects into our budget

FG, AfDB, other stakeholders seek private sector investments in urban sanitation

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Over 18m Nigerians exposed to flooding, NiHSA warns

OAU tips Tegbe to revive Nigeria’s power sector

First Lady urges greater investment in tourism, seeks stronger Nigeria-Qatar partnership

Remi Tinubu displays Waterleaf, Pumpkin Harvested From Villa Garden

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NPO backs probe of Meta, Google over content use

Medical lecturers issue 21-day strike notice over pay dispute

Nigeria advertises only 36 health jobs despite worker exodus – NISER

Pilots’ body cautions on moves slash NCAA funding

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Guinness World Records confirms Saheed Osupa, Malaika, others’ Afrobeats orchestra record

UTM FLNG secures 15-year gas supply deal

BUA Foods shareholders to vote on N504bn dividend

Grene Capital expands Jabi Lake Mall’s solar capacity to 1.5MWp

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Oando posts N204.8bn PAT as production climbs 32%

CAP shareholders approve N4.00 per share dividend payout

Google seeks dialogue as FG probes tech giants

MEA Energy targets 3,000 jobs across 250 fuel retail stations

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APC first-term govs back Tinubu, seek continuity beyond 2027

Umahi knocks Obi, says his politics is ‘AI politics’

We campaigned for you, grant my husband fair treatment, El-Rufai’s wife tells Tinubu

Sanwo-Olu blames coastal terrain, waste disposal for Lagos floods

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Kano retires Sharia judge, director over bribery, certificate fraud

Anambra approves new plan to tackle erosion, student housing deficit

Anambra tricycle operators decry daily extortions, illegal revenues

Controversial PFIPC: Ogbomoso elders, leaders disown Adeyemi

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FCT police smash kidnap ring, arrest 560 suspects

Hit-and-run Enugu driver kills PhD-holding police inspector

Benue woman burns lover’s two daughters to death

Police demote two officers over PoS extortion in Delta

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*TODAY IN HISTORY*

* On this day in 1497, Vasco da Gama set off on a voyage to India from Lisbon with four ships. A year later, he reached the city of Calicut in southern India and became the first European to set foot in India by way of the sea.

* On this day in 1889, Wall Street Journal was published for the first time. Three financial reporters named Charles Dow, Edward Jones, and Charles Bergstresser created The Wall Street Journal to supersede a previous periodical called the Customers’ Afternoon Letter.

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Intense love does not measure, it just gives. – Mother Teresa

Good morning…

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