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a vessel around the Strait of Hormuz….AFP

Global News Business /Economy

Global Oil Prices Plunge Nearly 5% as Trump Announces Fresh Iran Talks, Raising Hopes of Hormuz Reopening

admin Aug 3, 2026 0

Brent and U.S. crude prices slide sharply after Washington signals a diplomatic shift with Tehran, easing fears over disruptions to…

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A fuel attendant pumps petrol into a motorcycle at a fuel station in Abuja on March 9, 2026, after transport fares increased following a recent hike in petrol prices. Africa is feeling the impact of rising oil prices and threats to shipping, as the continent again suffers from events largely beyond its control. Pump prices in Nigeria were up around 14 percent this week. (Photo by Light Oriye Tamunotonye / AFP)

Business /Economy

Petrol Price Debate Deepens as Motorists Demand Cheaper Fuel Following Global Crude Oil Price Decline

admin Jun 27, 2026 0

As Brent crude retreats after easing Middle East tensions, Nigerians are questioning why pump prices remain above ₦1,200 per litre…

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