Dangote Refinery affirms PMS price stability, says ‘no increase’
Dangote Petroleum Refinery & Petrochemicals has stated that the price of Premium Motor Spirit (PMS) remains unchanged, amid concerns over potential volatility in the downstream market.
Strait of Hormus reopens as US, Iran agree to two-week ceasefire
The Strait of Hormuz, crucial to global oil and gas trade, has been largely closed since the United States and Israel launched large-scale attacks on Iran on Feb. 28.
World Bank warns oil prices surge may raise Nigeria’s inflation by 3.1%
The World Bank has cautioned that the ongoing surge in global oil prices could directly increase Nigeria’s headline inflation by about 3.1 percentage points, as higher fuel costs ripple through the economy.
Both US, Iran claim victory after 11th-hour truce
Iran too cast the ceasefire as a win and said it had agreed to talks with Washington to begin Friday in Pakistan on a path to end the conflict.
Crude prices plunge, stocks surge as US and Iran agree ceasefire
Oil prices plunged Wednesday while stocks rallied after the United States and Iran agreed to a two-week ceasefire that will see Tehran temporarily reopen the vital Strait of Hormuz.
Israel also agreed to Iran ceasefire – White House
Israel has also agreed to the ceasefire deal between the United States and Iran after more than six weeks of conflict in the Middle East, a White House official said Tuesday.
