Browsing Category
Energy Markets
2 posts
Why Ongoing Middle East Hostilities Keep Oil Markets Unstable
Ongoing Middle East tensions and the closure of the Strait of Hormuz continue to trigger severe volatility in global oil markets, driving up refining costs despite efforts to mitigate supply disruptions.
Global Oil Costs Surge 14 Percent to $84 Following Breakdown of US-Iran Truce
Oil prices jumped 14 percent to $84 per barrel as US-Iran hostilities resumed and the Strait of Hormuz was closed to shipping, boosting Nigeria's export outlook.