Post by Richard Chukwunagorom (@africardo)

Middle East strait tensions (Hormuz, Bab el-Mandeb) may not be fully blocked — but risk alone moves oil markets.

When global oil prices rise, Nigeria feels it fast:

Global tension → Higher Brent → Higher landing cost → Higher pump price → Higher inflation.

For Nigerian businesses:

• Transport costs rise
• Production costs increase
• Margins shrink
• Consumer demand weakens

Fuel volatility is now structural risk — not temporary shock.

Middle East strait tensions (Hormuz, Bab el-Mandeb) may not be fully blocked — but risk alone moves...

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