Tag: #OilMarkets
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TRUMP VOWS NAVY ESCORTS TO SECURE STRAIT OF HORMUZ SHIPPING
President Donald Trump says the U.S. is ready to step in militarily to protect global energy supplies as tensions rise around the Strait of Hormuz. “If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz,” Trump posted on Truth Social, pledging to guarantee the “FREE FLOW of ENERGY to the…
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OIL TENSIONS COULD PUSH NIGERIA INFLATION HIGHER, SAYS SEREC
Nigeria could see inflation rise 3–5% amid the escalating U.S.-Iran conflict, warns the Sea and Empowerment Research Centre (SEREC). Eugene Nweke, SEREC’s Head of Research, said disruptions in the Strait of Hormuz—the key route for one-fifth of global crude—could spike oil prices, shipping costs, and insurance premiums worldwide. While Nigeria might gain short-term oil revenue,…
