Hormuz Reopens: Global Oil Prices Tumble, Nigeria Eyes Petrol Relief Below N1,000
Global energy markets recorded a sharp turnaround on Friday as the strategic Strait of Hormuz was declared open to commercial shipping, triggering a steep drop in crude oil prices and raising expectations of relief for petrol consumers in Nigeria. The reopening followed a fragile ceasefire in the Middle East involving Iran, the United States, and…
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