So This Happened (EP 378) reviews: US–Iran conflict may push Nigeria’s fuel price higher
Автор: Punch Newspapers
Загружено: 2026-03-03
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Rising tensions between the United States and Iran have triggered fresh concerns in global oil markets, with analysts warning crude prices could approach $90 per barrel if the conflict escalates. With Nigeria’s fuel pricing tied to international benchmarks, any sustained spike could lead to another increase at the pump.
Despite being an oil-producing nation, Nigeria remains vulnerable due to its reliance on imported refined products and exposure to global supply chains. Experts say if crude prices climb significantly, Nigerians may once again feel the ripple effect of a war far from home.
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