History has an audacious way of repeating itself, often because actors fail to learn from previous events or because the universe intends to teach entirely new lessons.
Egypt has raised domestic fuel prices by up to 30%, citing “exceptional” global energy pressures caused by the ongoing Middle East war, which has disrupted oil supplies and shipping routes.
International airlines flying between Nigeria and the Middle East have lost more than ₦7.5bn in revenue after escalating conflict involving the US, Israel, and Iran.
Saudi Arabia and global markets are entering a new phase of economic uncertainty as the ongoing crisis involving Iran sends shockwaves through the world’s energy markets, trading floors and supply chains. Analysts warn the disruption could mark one of the most significant tests of global oil stability in years.
Oil Prices Plunge To $95 On Prospect Of Iran’s Nuclear Deal
Oil prices plunged yesterday amid a considerable progression in restoring Iran’s 2015 nuclear deal with world powers.
Brent crude futures, the global oil benchmark, fell $1.3 per cent to $95.31 a barrel.
US West Texas Intermediate,...
