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US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel
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US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel
By Udeme Akpan The latest disagreement between President Donald Trump and Iran over the reopening of the Strait of Hormuz has pushed up oil prices by 5 per cent to $87 per barrel from $83 per barrel in the global market. This was even as Bank of America (BofA) warned that oil pri...
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The Briefing Africa
August 12, 2026 · 06:04 · 5 min read
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By Udeme Akpan The latest disagreement between President Donald Trump and Iran over the reopening of the Strait of Hormuz has pushed up oil prices by 5 per cent to $87 per barrel from $83 per barrel in the global market. This was even as Bank of America (BofA) warned that oil pri...
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