Trump Drops Strait of Hormuz Fee Plan, What This Means for Nigeria's Oil Money

Iron Hawk from Lokoja

4 months ago

Bloomberg reports that Trump has backed off his proposed 20% fee on ships passing through the Strait of Hormuz. This is big news for Nigeria because any disruption there affects global oil prices and our own crude exports. Watch to understand how this decision keeps our petrol money safe and what it means for the naira.