Oil Prices See Biggest Jump Since COVID, US Plans to Charge Hormuz Toll

Thunder Ox from Calabar

4 months ago

Global oil prices just recorded their biggest single-day jump since the COVID-19 pandemic. The United States is reportedly planning to impose a toll on ships passing through the Strait of Hormuz, a key oil shipping route. This could have serious effects on fuel prices worldwide, including in Nigeria. Watch to understand what this means for the cost of petrol and the economy.