Global oil prices fell sharply on Tuesday as renewed peace talks between the United States and Iran eased fears of prolonged supply disruptions in the Middle East. Brent crude dropped below $84 per barrel, after trading above $100 just last week.

Global oil prices fell sharply on Tuesday, hitting a three-month low after optimism grew over the reopening of the Strait of Hormuz following a peace deal between the United States and Iran.

Global oil prices surged to $104 per barrel on Monday after peace talks between the United States and Iran collapsed, raising fears of renewed hostilities in the Middle East.

The United States sharply reduced its imports of Nigerian crude oil in January 2026, with volumes dropping by 47.16% month-on-month, according to U.S. Census Bureau and Bureau of Economic Analysis data.

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.

‎Nigeria’s security narrative is entering a new phase. Recent developments reflect a shift from reactive battlefield responses to structured, forward-looking strategy.