Global oil prices surged past $80 per barrel on Monday after renewed confrontation between the United States and Iran raised fears over shipping through the Strait of Hormuz, a vital oil transit route.
Oil Surges Past $80 as Trump Rekindles Iran Tensions
Oil prices surged to $80 per barrel after the United States President, Donald Trump, declared that the interim ceasefire agreement with Iran was officially over.
According to data from oilprice.com, Brent crude rose from $72 to $74...
Global oil prices climbed more than 2% on Tuesday after attacks on commercial vessels near the Strait of Hormuz reignited fears of supply disruptions through one of the world’s most critical energy shipping routes.
Dangote, Importers Clash as Petrol Stays Above N1,000
Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the Dangote Petroleum Refinery.
As crude prices crashed to about $70 per barrel following the...
