BREAKING NEWS: Israel, Iran War: Global oil price surge sparks fear of Nigerian petrol affordability

Global oil prices experienced an immediate spike after Israel announced an attack on Iran as tension escalated in the Middle East region, sparking fear of a Premium Motor Spirit price surge in the Nigerian local market.

This is the case as prices of Brent, NYMEX Light Sweet, and West Texas Intermediate (WTI) crude futures were up between 9 percent and 10 percent to around $75.15, $73.20, and $74 per barrel, respectively, shortly after Israel struck Iran, hitting their highest levels in February 2025..Read The Full Article/Content Here.