Hormuz Shock: Rising Oil Prices Deepen Nigeria’s Economic Paradox

Hormuz Shock: Rising Oil Prices Deepen Nigeria’s Economic Paradox By Ogbonna Nwuke The ripple effects of the United States’ blockade around the Strait of Hormuz are being felt far beyond the Persian Gulf, reaching deep into Nigeria’s already strained economic landscape. In Port Harcourt, the consequences are unfolding not in diplomatic circles, but in petrol stations, markets, and transport hubs where ordinary citizens are once again bracing for higher costs. Global crude benchmarks such as Brent crude surged past the

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