Iran shuts Strait of Hormuz as Lebanon fighting escalates – global oil prices set to spike

Wild Stallion from Awka

5 months ago

Iran has closed the Strait of Hormuz, one of the world's most critical oil chokepoints, as fighting intensifies in Lebanon. This move threatens to disrupt global oil supplies and send prices soaring, which will directly affect fuel costs in Nigeria. Watch this Reuters report to understand what's happening and how it might impact your pocket.