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Global energy markets face immediate downward pressure after a breakthrough agreement in the Middle East. Brent crude plunged below the critical threshold of 80 dollars a barrel on Tuesday. Investors rapidly unloaded contracts following news of a diplomatic breakthrough between the United States and Iran. This sudden sell-off reflects a sharp drop in the geopolitical…
Global oil markets swung sharply upward on Wednesday, recovering five per cent after a brief retreat to $88 per barrel the previous day, as the conflict involving the United States, Iran, and Israel continued to drive volatility across energy markets and its consequences rippled directly into Nigeria’s fuel economy. Brent crude climbed to $92.43…
