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The government of the Democratic Republic of the Congo (DRC) and rival M23 rebels have agreed to ease aid deliveries and release prisoners, as mediators push to resolve a years-long conflict that has persisted despite multiple peace deals.
The two sides announced the measures in a joint statement shared by the US Department of State on Saturday, following five days of talks in Switzerland.DRC government, M23 rebels commit to protect civilians, aid deliveries
“The parties agreed to refrain from any action that would undermine the principled delivery of humanitarian assistance within the territories impacted by the conflict,” said the statement
Both sides also pledged not to target civilians and to facilitate medical care for the wounded and sick as they noted progress on a protocol for humanitarian access and judicial protections
They agreed to release prisoners within 10 days as part of efforts “to continue building confidence”.
In addition, the parties signed a memorandum of understanding for a ceasefire monitoring mechanism that will “begin conducting surveillance, monitoring, verification, and reporting on the implementation of the permanent ceasefire between the parties”.
Since 2021, the M23, backed by Rwanda, has seized territory in eastern DRC, a region ravaged by more than 30 years of conflict
While the two sides signed a United States-brokered peace agreement in December, fighting has continued, most recently reaching the highland areas of South Kivu, according to media reports
In a statement last week, Human Rights Watch accused the parties of blocking aid deliveries and stopping civilians from fleeing the South Kivu highlands
“Civilians in South Kivu’s highlands are facing a dire humanitarian crisis and live in fear of abuses by all parties,” said Clementine de Montjoye, senior Great Lakes researcher at Human Rights Watch
The latest round of talks, held in the Swiss Riviera town of Montreux, included representatives from Qatar, the US, Switzerland, the African Union (AU) Commission, and Togo serving as the AU mediator.
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The International Energy Agency (IEA), a global energy watchdog, with several of the wealthiest countries as member nations, has announced the largest release of government oil reserves in its history, two weeks after the United States and Israel started their war on Iran with strikes on Tehran.
In retaliatory attacks, Tehran has launched strikes on Israel as well as US military assets and energy facilities in Gulf countries, and has closed the Strait of Hormuz, a vital artery in the global oil supply chain, driving up crude prices to more than $100 per barrel.
“The war in the Middle East is creating the largest supply disruption in the history of the global oil market,” the IEA said in its monthly market report.
While the IEA’s 32 member nations appeared hesitant earlier in the week to tap into the strategic reserves, they ultimately announced they would release nearly 400 million barrels of emergency crude. That’s one-third of the grouping’s total holding of 1.2 billion barrels of government reserves
Previously, IEA member nations have released oil from emergency reserves five times: During the 1990-1991 Gulf War; after Hurricane Katrina in 2005; during the Libyan civil war in 2011; and twice after the Russian invasion of Ukraine.
But is this latest release sufficient to calm down the disrupted market?
The energy watchdog argued that the supply shock triggered by Iran’s strikes on cargo vessels and its blockade of the Strait of Hormuz meant energy markets are facing a worse crisis than during the Gulf War of 1991 and Russia’s 2022 invasion of Ukraine
Before the US and Israel attacked Tehran – and assassinated Iran’s Supreme Leader Ayatollah Ali Khamenei – on February 28, Brent crude was trading at about $65 per barrel. Now, it is above $100, and Iranian leaders have warned countries that it will not allow “one litre of oil” to pass the Hormuz Strait if attacks continue, and that the price could go above $200 per barrel
Earlier this week, former IMF economist Olivier Blanchard was quoted by news outlet Business Insider that this could be possible if tankers carrying oil cannot be protected from Iranian attacks. “I find it hard not to have as a central scenario where oil prices will remain very high for a long time, higher than the market current prices,” Blanchard said on Thursday.
The IEA’s announcement of a plan to release 400 million barrels of oil is much higher than the 2022 release of 182 million barrels of oil by the group’s members after Russia invaded Ukraine
“Energy security is the founding mandate of the IEA, and I am pleased that IEA members are showing strong solidarity in taking decisive action together,” said Fatih Birol, executive director of the Paris-based IEA
Birol applauded the member nations’ decision to contribute to the release from their strategic reserves. “This is a major action aiming to alleviate the immediate impacts of the disruption in markets,” Birol said. “But, to be clear, the most important thing for a return to stable flows of oil and gas is the resumption of transit through the Strait of Hormuz
About one-fifth of the world’s oil is transported through the Strait of Hormuz. That’s more than 20 million barrels daily on average. And coordinated IEA releases are usually spread over weeks or months, meaning only a portion of the 400 million planned barrels will be released in the short term
The US Treasury issued a 30-day waiver allowing countries to purchase sanctioned Russian oil that was already loaded and at sea, amounting to roughly 100 million barrels, in an effort to quickly add supply to global markets.
The administration is also considering temporarily waiving the Jones Act, a US maritime law requiring goods shipped between domestic ports to be carried on US-built and US-crewed vessels, aiming to ease domestic supply bottlenecks
However, a White House spokesperson said this has not been finalised yet.
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Bitcoin price is ripping. BTC USD reclaimed $71,000 Tuesday afternoon, erasing weekend losses immediately after President Trump ordered a five-day delay on strikes against Iranian energy infrastructure.
The sudden de-escalation signal triggered a violent capital rotation: oil futures collapsed nearly 10%, gold prices retreated 3.7%, and crypto assets surged in a classic risk-on relief rally.
Traders were positioned for immediate escalation following the expiration of a 48-hour ultimatum, but the pause caught bears offside.
While West Texas Intermediate (WTI) crude plummeted to $85.45 on the news, Bitcoin decoupled from the broad commodity sell-off, validating its role as a liquidity gauge rather than a pure safe haven in this cycle.
Bitcoin held $68,000 through peak uncertainty and is now pushing into the supply zone above $71,500.
Bulls need one thing: a confirmed 4-hour close above $72,000. That invalidates the lower-high structure built earlier this month and opens the next leg up.
Daily RSI has reset from overbought and is trending up near 58. Room for continuation exists. The 50-day EMA is the critical floor. Lose it and this rally gets exposed as a headline-driven bull trap.
Bull case: reclaim $72,000, consolidate, retest the March high at $75,620. Bear case: rejection at $71,800 sends price back to $68,500. Lose that and $65,000 opens up.
The short squeeze did the heavy lifting on the way up. CoinGlass data shows over $271 million in short positions liquidated in the hours after the White House announcement. Traders positioned for a breakdown below $67,000 got wiped and their forced covering poured fuel on the move.
Funding rates have ticked up but open interest has not reclaimed year-to-date highs. Spot buying and short covering are driving this, not leveraged froth. That is a healthier signal for trend sustainability than a derivatives-led pump.
The correlation between Bitcoin and energy markets has inverted. While oil prices tumbled 9.8%—with Brent crude falling to $98.66—Bitcoin surged. This highlights the market’s current logic chain: lower oil prices reduce the risk of sticky inflation, which in turn lowers the probability of a hawkish Federal Reserve response.
Gold, traditionally the primary safe haven, dropped 3.7% as the immediate war premium exited the market. This divergence is critical.
While Bitcoin and gold decoupled during the Hormuz crisis, today’s action confirms that crypto is trading on liquidity dynamics rather than fear. When the threat of $150 oil vanished, the liquidity outlook improved, and Bitcoin pumped.
Investors should monitor the five-day deadline closely. If tensions flare again and oil reclaims $100, the headwinds for risk assets will return.
Traders are watching $70,000 holding as support into the daily close. Maintain this level, and the path to new highs is open. Fail here, and the market returns to choppy consolidation. The trend is up, but the geopolitical fuse is still lit.
As the gold price crash and Bitcoin rally reshape portfolio allocations, smart money is beginning to rotate profits into high-growth infrastructure plays
While Bitcoin secures its position as digital collateral, attention is turning to Bitcoin Hyper (HYPER), a protocol focused on bringing scalability to the Bitcoin network through high-performance Layer 2 solutions
Bitcoin Hyper has now raised over $32 million in its ongoing presale, signaling strong institutional appetite for Bitcoin-native DeFi
The project targets the scalability dilemma by integrating Solana Virtual Machine (SVM) architecture directly with Bitcoin’s security layer. With the token currently priced at $0.0136 and staking APY exceeding 89%, early entrants are positioning for the next phase of the Bitcoin ecosystem evolution.
Investors looking to hedge against spot volatility are diversifying into infrastructure layers that capture transaction volume regardless of short-term price action
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$153 million in daily volume. $4 billion total. $200 million in the first week alone. Polymarket’s 5-minute prediction markets have gone from experimental product to one of the highest-velocity trading venues in DeFi – and Chainlink oracles are the reason any of it works.
The volume surge, confirmed by on-chain data shared across crypto analytics channels, represents a roughly 400% increase from earlier baseline figures, with the 3x weekly growth rate still accelerating as of the latest reporting window
Standard oracle infrastructure built for hourly or daily market resolution can tolerate latency. A price feed delayed by 30 seconds is noise when a contract settles in 48 hours
In 5-minute prediction markets, that same 30-second delay is the difference between a valid settlement and a manipulated one, exactly why Polymarket’s architecture required a fundamentally different oracle setup.
Chainlink’s Data Streams integration, deployed on Polygon where Polymarket settles, delivers timestamped price reports at sub-second intervals
Combined with Chainlink Automation handling the on-chain settlement triggers, the system processes the full cycle, price confirmation, contract resolution, USDC payout, without human intervention and without the manipulation vector that centralized price feeds introduce.
The oracles provide the official price feeds that trigger contract settlements, removing the need for a centralized authority entirely.
The scale of what’s now running through this infrastructure is significant. Over 3,000 traders are actively using Chainlink Data Streams across integrated platforms, and the Dashlink dashboard tracking oracle demand shows a direct correlation between the Polymarket volume surge and a decline in LINK exchange reserves – whales are pulling supply off exchanges as network utilization hits new highs for prediction market settlements.
Native USDC collateral adoption within these markets has further accelerated institutional participation by improving capital efficiency.
The appeal is obvious: a platform already under scrutiny for insider trading patterns on longer-duration markets now offers a format where information asymmetry has a 5-minute shelf life.
The risks are real and shouldn’t be buried. Short timeframes amplify volatility, HFT-dominated order flow can crowd out retail, and oracle delays, however rare, carry outsized consequences when resolution windows are measured in minutes.
But the volume data doesn’t lie: the format is capturing demand that didn’t have an instrument before.
Liquid Chain built a Unified Liquidity Layer that aggregates capital across multiple Layer-2 networks using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the messaging backbone
The core problem it solves is real and expensive – assets stranded on individual L2s require manual bridging, creating slippage, delay, and trust assumptions that institutional allocators won’t accept
Liquid Chain’s architecture lets users move assets seamlessly across chains without manual bridge interactions, with CCIP handling the verification and message-passing layer beneath the surface
The project has been pitching its Layer-3 DeFi buildout as a credible answer to the fragmentation problem, and the Convergence judges agreed
Other notable hackathon submissions concentrated on Real-World Asset tokenization and DeFi automation – a consistent signal that Chainlink’s developer community is orienting toward institutional-grade infrastructure rather than consumer speculation. The CCIP adoption rate implied by the hackathon submissions validates Chainlink’s cross-chain positioning at exactly the moment demand for tamper-proof oracle settlement is breaking records on Polymarket
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Several major investment firms have preemptively downgraded Coinbase and other platforms as a sharp drop in trading activity and falling token prices threaten to derail upcoming first-quarter earnings results.
Barclays took the most direct step, downgrading Coinbase (COIN) and warning that “global crypto trading activity has declined to a level not seen since the end of 2023.” The bank added that “absent a resurgence in near-term crypto trading activity, we see profitability under pressure at Coinbase.”
The slowdown is visible in the data. Coinbase’s March trading volume marked “the lowest volume month since September 2024,” Barclays wrote, with April showing “no signs of improvement.” For the first quarter, the bank estimates volumes fell roughly 30% from the prior quarter.
Coinbase and other exchanges charge fees on each transaction they facilitate, meaning lower volumes will lead to less revenue.
The mechanics are straightforward. When markets turn quiet, many traders step back. A retail user who once traded weekly during a rally may stop altogether when prices flatten. Multiply that behavior across millions of accounts, and exchange volumes drop quickly.
That matters because transaction fees remain the main revenue driver for most crypto platforms. Barclays underscored this risk, saying its forecast for Coinbase’s adjusted EBITDA is about 24% below the Street, driven largely by weaker spot trading and retail activity.
Crypto prices have pulled back in the first quarter, with the average price of major tokens falling sharply quarter-over-quarter. Bitcoin lost over 22% of its value in the first quarter of this year, while ether was down 29%.
Oppenheimer struck a similar tone but kept a more upbeat stance on Coinbase. The firm said it is cutting its forecasts due to softer crypto prices and lower trading activity in the first quarter, driven in part by broader economic uncertainty. It also noted that current Wall Street estimates still do not fully reflect the drop in trading volumes during that period.
Across the industry, analysts are revising models downward to reflect a quieter market.
Oppenheimer cut its Coinbase volume estimate to $211 billion for the quarter, down from $244 billion previously, and now expects total revenue of $1.48 billion, below prior forecasts and consensus.
The reset is not limited to Coinbase. Oppenheimer said that Circle (CRCL) continues to expand the USDC stablecoin network, with stablecoin market cap and USDC transfer volume rising about 1% and 12% quarter over quarter, respectively.
Crypto platform Bullish (BLSH), the owner of CoinDesk, saw “strong on platform activity” tied to volatility in February, though spot volumes still missed expectations. As a result, Rosenblatt downgraded BLSH earlier this week while Compass Point downgraded CRCL — to "neutral" and "sell," respectively.
Even these pockets of strength highlight the broader issue: the core business of crypto trading is slowing.
Efforts to diversify revenue streams are underway but may take time to offset the downturn. Coinbase’s push into becoming what it calls an “everything exchange” includes derivatives, tokenized assets and new markets. Barclays was skeptical, writing that the strategy is “likely to take a long time to pay off” and that it sees “little ‘right to win’ in new asset classes like equities.”
Stablecoins, often seen as a steadier revenue stream, also face uncertainty. Barclays pointed to ongoing debate in Washington over regulation, noting that the status of stablecoin rewards “remains in question.” At the same time, Oppenheimer sees near-term support from new use cases, saying “increased prediction market activity could support USDC growth.
Still, those areas remain secondary to trading.
The broader takeaway is that analysts are moving preemptively. With earnings season approaching, firms are lowering estimates now rather than risk being caught off guard by weak results later.
Coinbase reports second-quarter earnings on May 7 and Bullish reports on April 23. Circle has not yet announced a date.
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Riot Platforms sold 3,778 Bitcoin in Q1 2026, netting $289.5 million-a volume that dwarfs its 1,473 BTC production for the same period by 2.6x.
The company ended Q1 with 15,680 BTC on its books, down 18% from the 18,005 coins it held at the close of 2025. That gap between what Riot mined and what it sold is the number that demands explanation.
Blockchain intelligence platform Arkham flagged a separate 500 BTC outflow from a wallet attributed to Riot on Thursday, suggesting the selling didn’t stop when Q1 closed.
The company is also pushing deeper into high-performance computing colocation, shifting its business model beyond pure mining toward infrastructure hosting-a pivot that requires capital, which partially explains the aggressive liquidation pace.
Energy costs are the other half of the story. Kadan Stadelmann, blockchain developer and co-founder of AI company Compance, said miners are selling because rising energy costs-worsened by the escalating Middle East conflict since February-are compressing margins across the industry.
Selling 2.6x your quarterly production isn’t treasury management in the traditional sense-it’s a structural drawdown.
That matters because it signals Riot isn’t just covering operating costs; it’s funding something larger, whether that’s hash rate expansion, colocation infrastructure buildout, or balance sheet repair ahead of continued Bitcoin price pressure.
The operational data cuts against a pure distress read, though. Riot improved its all-in power cost 21% year-over-year to 3.0¢/kWh and grew deployed hash rate 26% to 42.5 EH/s. It also generated $21.0 million in power credits during Q1-more than double the year-ago period-by leveraging renewable energy agreements and grid services.
That’s not the profile of a miner bleeding out; it’s a miner reallocating capital aggressively into infrastructure while conditions remain volatile.
Riot isn’t alone. MARA Holdings, Genius Group, and Nakamoto Holdings sold a combined 15,501 BTC in the past week.
Genius Group went further-liquidating its entire Bitcoin stash. The industry is clearly in a rotation away from passive accumulation toward active treasury management, a departure from the hodl-first playbook that defined miner strategy through the 2021 bull cycle. If Bitcoin prices don’t recover in Q2, watch for Riot’s treasury to test the 14,000 BTC level within two quarters at the current drawdown rate.
Bitcoin mining difficulty dropped from approximately 145 trillion to 133 trillion on March 20-a 7.7% decline-while network hash rate fell from 1,160 exahash to roughly 990 exahash as of Friday.
Weaker miners are going offline, exactly as Stadelmann predicted, which structurally benefits survivors like Riot with lower difficulty and higher per-block rewards.
The supply side picture is more complicated when viewed against demand. Bitcoin ETFs snapped a four-month outflow streak with $1.32 billion in March inflows, meaning institutional demand is partially absorbing the miner supply hitting the market.
Riot alone doesn’t move BTC price-but Riot plus MARA plus Genius Group plus Nakamoto in the same week represents a coordinated pressure event that on-chain miner outflow metrics will reflect clearly.
The invalidation condition here is simple: if BTC reclaims and holds above $90,000 in Q2, Riot’s treasury logic flips from defensive liquidation to premature selling at cycle lows. Until that happens, the selling looks rational given the broader market pressure on holders and the rising cost environment compounding miner margin squeeze globally.
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Chinese swimming authorities say they have ⁠launched an investigation ⁠into cyberbullying of diving champion Quan Hongchan, a three-time Olympic gold medallist, and reported the ⁠matter to police.
Malicious” online attacks against Quan are being investigated by China’s General Administration of Sport, the body said on Wednesday.
Quan, who won her first gold at Tokyo 2020 at the age of 14 and two ⁠more at the following games in Paris 2024, has given several interviews in which she talked about toxic online commentary over her weight and the immense pressure she has ‌felt to diet even though she was already eating very little.
Now 19, Quan told Chinese magazine Renwu this year that she seriously considered retiring after the Paris Olympics before deciding she wanted to keep going.
After the Olympics I actually thought about retiring,” she said.
Quan said that she had been asked repeatedly about her weight.
During that time, not just within the team but also in public opinion outside, I saw people every day saying I was fat,” Quan said.
“Recently cyberbullying, malicious attacks and false information targeting Quan Hongchan and other divers has emerged online,” the General Administration of Sport’s swimming management centre said in a statement.
“Our centre takes this very seriously and immediately launched verification and handling work,” it said, adding that it was working with officials in the southern province of Guangdong, where Quan is from.
It added that it “firmly” rejected “abnormal” fan culture
Adulation towards China’s athletes has included fans obsessing over their personal lives and cyberbullying opponents
State media have called such behaviour “toxic fandom” and Chinese authorities pledged to crack down on it.
Quan won gold at the pandemic-delayed Tokyo Games in 2021 when she was just 14. She won two more golds in Paris in 2024
Now one of China’s most popular athletes, crowds have descended on the teenager’s hometown and mobbed her at hotels
Quan’s swimming club also said on Wednesday it had “reported the case” to police
“Any act of malicious slander, insult or spreading false information against athletes and their families has crossed the legal and moral line,” it added
Quan has seen her home village of Maihe, part of the southern city of Zhanjiang, become a tourist destination ‌since her Olympic success
Her life has been placed under a microscope, the state-backed Global Times said in an ‌April ‌editorial, criticising an “unhealthy fan culture” where admiration turns into criticism, even hostility
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The Israeli army carried out a wave of air attacks on Lebanon, killing more than 250 people, on Wednesday, the bloodiest day since the US-Israel war on Iran began nearly six weeks ago.
On Thursday, Israel said it had also killed an aide to Hezbollah’s chief, Naim Qassem, in the attacks.
The attacks came just hours after the announcement of a two-week United States-Iran ceasefire raised hopes of a de-escalation on all fronts in the war on Iran, which has spread across the region.
On Wednesday, Pakistani Prime Minister Shehbaz Sharif, whose government helped broker the deal, said the ceasefire deal included the halting of attacks on all fronts, specifically mentioning Lebanon, where Israel says it is targeting the Iran-backed group, Hezbollah.
Israel, however, together with the US, disputes this, claiming that the cessation of hostilities relates only to attacks between the US, Israel, and Iran. On Wednesday, US President Donald Trump said the Israeli attacks on Lebanon were separate.
The latest violence has exposed major disagreements and confusion about the scope of the ceasefire and raised fears that it could unravel even before negotiations for a permanent settlement begin. Talks are due to commence in Islamabad on Saturday.
On Wednesday, hours after the ceasefire was announced, Israel launched its most widespread attacks since March 2, when fighting with Hezbollah began, striking more than 100 targets across the country
Lebanon’s civil defence said at least 254 people were killed and 1,165 wounded in air attacks on Beirut, the Bekaa Valley and southern Lebanon, including densely populated areas
In a written statement, the head of Lebanon’s syndicate of doctors, Elias Chlela, urgently called for “all physicians from all specialities” to head to any hospital they could to offer help, with one of Beirut’s biggest hospitals saying it needed donations of all blood types
The United Nations described the casualty figures as “appalling”, with its human rights chief Volker Turk calling the destruction “horrific
dence, that it was targeting Hezbollah military infrastructure. But Lebanese officials and aid groups said entire neighbourhoods were devastated, with hospitals overwhelmed and emergency services struggling to cope.
Parliament Speaker Nabih Berri called the attacks on densely populated areas a “full-fledged war crime
⁠“Today’s crime, coinciding with the ceasefire agreement declared in the region – an agreement that Israel and its political and security apparatus have failed to uphold,” he said
The key diplomatic dispute, for the time being, is whether Lebanon is included in the ceasefire, as US, Iranian, Israeli and Pakistani officials have offered differing interpretations of what was agreed
In an X post on Wednesday, Pakistan PM Sharif wrote: “I am pleased to announce that the Islamic Republic of Iran and the United States of America, along with their allies, have agreed to an immediate ceasefire everywhere, including Lebanon and elsewhere, EFFECTIVE IMMEDIATELY.” His country has acted as the central mediator in achieving the fragile ceasefire.
Iran also stated that the truce extends to Lebanon and called on the US to enforce the ceasefire accordingly
Citing Sharif’s ceasefire announcement, Foreign Minister Abbas Araghchi said the “US must choose between a ceasefire or continued war via Israel
“It cannot have both. The world sees the massacres in Lebanon. The ball is in the US’ court,” he wrote on X.
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf warned that continued Israeli attacks on Lebanon would undermine the agreement and risk further escalation.
When US President Donald Trump announced the two-week ceasefire with Iran, he said it included “a complete and total cessation of hostilities” between Washington and Tehran. However, he later clarified that Lebanon was “a separate skirmish”
By contrast, US officials have stated that the fragile truce excludes Lebanon
In a post on X, Spanish Prime Minister Pedro Sanchez said Netanyahu’s “contempt for life and international law is intolerable” in light of the attacks
Egypt said the attacks demonstrated a “premeditated intent” by Israel to undermine efforts at de-escalation in the region, while Turkiye warned Israel’s attacks were worsening the humanitarian situation in Lebanon and called for immediate action to protect civilians
France also condemned Israel’s attacks, while calling for Lebanon’s inclusion in the ceasefire
UK Foreign Secretary Yvette Cooper has told the BBC that Lebanon must also be included in the ceasefire – a stance she is expected to reiterate in a speech at the Mansion House later on Thursday. She described Israel’s continued assaults on Lebanon as “completely wrong
UN chief Antonio Guterres, in a statement, said the “ongoing military activity in Lebanon” poses a “grave risk” to the ceasefire between the US and Iran
More than 1.2 million people have been displaced in the war-battered country since Israeli attacks on Lebanon began
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Washington, DC – When the White House announced that Donald Trump would be making a speech to the nation about the war on Iran, it was expected that the United States president would make a major announcement.
But in his remarks late on Wednesday, which lasted less than 20 minutes, Trump only repeated the same statements he has been circulating for weeks.
Some analysts had expected Trump to announce either an end to the war or an escalation in the conflict, such as ground operations inside Iran, but the US president only gave the public and the media more of the same rhetoric.
Here are the key takeaways from the address
In his brief remarks, the US president made four familiar points: The war is necessary; it has already been won; it must continue; and it will wrap up soon – all arguments he has been making daily.
The US president did not provide details on how the war would actually end or what kind of deal he is seeking with Iran.
We are gonna finish the job. We are getting very close,” Trump said.
Trump said on March 11 that the war would end “soon”.
“I don’t think that the speech had any point, and I failed to grasp what he was trying to do and convey. It was really a repetition of everything that he had said in the past,” Sina Azodi, assistant professor of Middle East Politics at George Washington University, told Al Jazeera.
“I did not detect anything new. Essentially, it was a summary of all of the tweets he has issued over the last 30 days, almost in chronological order,” Trita Parsi, executive vice president at the Quincy Institute, told Al Jazeera.
But precisely because it does not appear to have anything new in it, it reveals that he really does not have a plan.”
While the speech did not include any major announcement, it provided Trump with a chance to make his case to a US public that is weary of foreign conflicts after the protracted wars in Iraq and Afghanistan.
Trump’s main point was that Iran was going to acquire nuclear weapons and use them, so the US and Israel had to act.
But Trump himself had repeatedly said that the US strikes on Iran’s facilities in June 2025 had obliterated the country’s nuclear programme.
Even before last year’s war, Trump’s own intelligence chief, Tulsi Gabbard, told lawmakers that “Iran is not building a nuclear weapon”.
Iran has repeatedly denied seeking a nuclear weapon, while Israel is widely believed to possess an undeclared nuclear arsenal.
Trump also suggested on Wednesday that the conflict was about settling scores with Iran after decades of rivalry between Washington and Tehran
“This fanatical regime has been chanting, ‘Death to America. Death to Israel’ for 47 years. Their proxies were behind the murder of 241 Americans in the Marine barracks bombing in Beirut, the slaughter of hundreds of our service members with roadside bombs,” Trump said
They were involved in the attack on the USS Cole, and they carried out the countless other heinous acts, including the just horrible, bloody atrocities of October 7 in Israel.
The USS Cole bombing in 2000 was carried out by al-Qaeda operatives with no known links to Iran
There also has been no evidence linking Iran directly to Hamas’s October 7, 2023, attack in southern Israel, which was followed by a US-backed war on Gaza that leading rights experts say amounts to genocide.
Public opinion polls have suggested that a strong majority of people in the US oppose the conflict. On Wednesday, Trump tried to amplify the same talking points that have failed to rally the public around the war over the past month.
Parsi noted that the war is losing popularity in Trump’s own Republican base.
A recent YouGov poll suggested that only 28 percent of respondents, including 61 percent of Republicans, support the war.
In a previous YouGov survey released on March 2, 76 percent of Republican respondents said they support the war.
“They’re losing patience,” Parsi said of Trump’s supporters. “They’re paying the price at the gas station, at the grocery store, and it’s going to get much, much worse if this continues.”
Still, some Trump allies were happy with Wednesday’s speech.
PERFECT SPEECH,” pro-Israel commentator Mark Levin wrote on X.
Since the start of last week, Trump has been saying the US is negotiating with Iran, suggesting that a deal may be imminent.
Less than 24 hours before his address on Wednesday, Trump wrote in a social media post that “Iran’s New Regime President” asked the US for a ceasefire, suggesting that negotiations may be ongoing.
Iranians were quick to deny the claim. They have previously dismissed Trump’s assertions of negotiations while confirming that some messages have been exchanged through intermediaries. Iran also does not have a new president – Masoud Pezeshkian has been president since 2024.
Iranian officials have accused Washington of fabricating reports about diplomacy to manipulate the energy markets.
Despite Iran’s denials, Trump and his aides have repeatedly stressed that Iran is being untruthful and that there are indeed talks between the two countries.
However, on Wednesday, Trump did not mention diplomacy or negotiations.
What caught my attention was the fact that he didn’t say anything about the talks – if there are any,” Azodi said.
Throughout his remarks, Trump kept returning to the central point of his speech: that the US has won already and it only needs a little more time to “finish the job”.
We are systematically dismantling the regime’s ability to threaten America or project power outside of their borders,” the US president said.
That means eliminating Iran’s navy, which is now absolutely destroyed, hurting their air force and their missile programme at levels never seen before, and annihilating their defence industrial.
Trump also asserted that Iran’s ability to retaliate against US attacks is all but vanquished
Their ability to launch missiles and drones is dramatically curtailed, and their weapons factories and rocket launchers are being blown to pieces – very few of them left,” Trump said.
But shortly after Trump concluded his remarks, Iran launched another missile attack against Israel.
Simultaneously, Bahrain issued a warning for residents to “head to the nearest safe place” amid an incoming Iranian attack. Earlier on Wednesday, Qatar said a cruise missile fired from Iran had hit a QatarEnergy liquefied natural gas (LNG) ship off the country’s coast. Qatar also said that its military had intercepted two other Iranian cruise missiles.
Still, Trump’s victory lap on Wednesday included claims that the US has changed the ruling system in Iran.
Regime change was not our goal. We never said regime change, but regime change has occurred because of all of their original leaders’ death. They’re all dead,” the US president said.
While US-Israeli attacks did kill Supreme Leader Ali Khamenei and several top political and military officials, there have been no major defections within the Iranian ruling system.
Khamenei was replaced by his son Mojtaba, and the Islamic Revolutionary Guard Corps (IRGC), which is spearheading the war effort, has promised to continue the fight and “punish” the US and Israel.
Jamal Abdi, the president of the National Iranian American Council (NIAC), ridiculed Trump’s claim of regime change in Iran.
Trump hasn’t changed the regime; if anything, he’s honed it to its hardest core. It’s interesting he thinks this clearly false claim is so important to spin. It’s Trump’s way of admitting failure,” Abdi told Al Jazeera.
Trump acknowledged that Americans are paying more for petrol, but he promised that the economic pain would only be temporary.
Many Americans have been concerned to see the recent rise in gasoline prices here at home,” he said.
This short-term increase has been entirely the result of the Iranian regime launching deranged terror attacks against commercial oil tankers in neighbouring countries that have nothing to do with the conflict. This is yet more proof that Iran can never be trusted with nuclear weapons
The average gas prices surpassed $4 per gallon (3.8 litres) this week – the highest since 2022.
Iran has responded to the US and Israeli attacks by blocking the Strait of Hormuz, a major waterway for the international energy trade.
While the US – a major energy producer – is largely self-sufficient when it comes to oil, supply issues affect prices across the world and send prices soaring globally.
However, Trump argued on Wednesday that countries dependent on Gulf oil should take the lead on resolving the Hormuz crisis, although the US launched the war unilaterally with Israel
Build up some delayed courage,” he said in a message to countries that import Gulf oil.
They] should have done it before, should have done it with us, as we asked. Go to the strait and just take it, protect it
Trump said the US will continue to bomb Iran into “the Stone Ages”, reiterating his threat to target the country’s electric grid
“If there is no deal, we are going to hit each and every one of their electric generating plants very hard and probably simultaneously,” he said
Bombing civilian sites is prohibited under international law
Iran has warned that if its power plants are struck, it would retaliate against energy and electric infrastructure across the region
“It means that the rules-based international system is dead and there is no longer a facade,” Azodi said of Trump’s threat
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Senegal cracks down on foreign trips for ministers as global oil prices surge
Prime Minister Ousmane Sonko says crude prices are nearing double the budget benchmark, forcing urgent fiscal adjustments.
Senegal has banned ministers from non-essential foreign travel to curb rising government spending amid escalating oil prices.
The move reflects a broader African response, with countries adopting measures to manage fuel costs and energy shortages.
Experts warn that disruptions to global supply chains could worsen food security, especially in vulnerable regions.
Addressing a youth rally on Friday, Sonko revealed that the cost of a barrel of oil was nearing twice the level initially projected in the national budget, signalling a sharp and unexpected fiscal strain.
In response, he confirmed that he had personally suspended planned visits to Niger, Spain, and France, underscoring the seriousness of the government’s cost-cutting drive.
Further measures to rein in public expenditure are expected, with the minister of mines set to outline additional steps in the coming days.
Senegal’s decision reflects a broader continental response to surging energy costs, driven in part by escalating tensions in the Middle East. Several African countries are already adjusting policies to cushion the impact, including tax reductions on fuel and energy rationing.
Despite recent progress in developing its domestic oil and gas sector, Senegal remains heavily reliant on imported fuel, leaving it vulnerable to global price shocks. Sonko acknowledged the challenges but sought to strike a measured tone, telling young people he did not wish to “frighten” them, but rather to offer “a sense of this world, which is a difficult world”. He added that, even in hardship, Senegalese citizens remained resilient.
The country’s economic outlook had appeared strong as recently as last year, with the International Monetary Fund describing growth as “robust” at nearly 8% and inflation relatively low. However, high public debt, estimated at over 130% of GDP, continues to weigh heavily. Sonko attributed much of this burden to the previous administration, arguing it has compounded the current crisis.
Across Africa, the ripple effects are becoming increasingly visible. South Africa has moved to cut fuel taxes; Ethiopia is grappling with fuel shortages that have disrupted public services; and South Sudan has begun rationing electricity. Zimbabwe, meanwhile, is increasing ethanol blending in petrol.
Compounding concerns, disruptions in the Strait of Hormuz have constrained fertiliser supplies globally, prompting warnings of a looming food security crisis, particularly in East Africa.
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