Brent Above $100 and Nigeria Petrol Tops N1,400 as Hormuz Tensions Escalate

Oil prices have jumped more than 2 percent following new strikes on Saudi infrastructure and threats to the Strait of Hormuz, with Brent trading above $100 per barrel. In Nigeria, petrol prices have risen above N1,400 per litre as a direct consequence, raising operational costs for startups, logistics players, and consumers across the country.