Why the Strait of Hormuz Crisis Is Now Nigeria’s Crisis Too: Rising Fuel Costs, Falling Dollar Earnings, and the Hidden Price Every Nigerian Pays for a War They Did Not Start
The Strait of Hormuz closure since February 28, 2026 has created a global oil shock that distorts Nigeria’s economy in both directions at once — pushing up domestic prices while simultaneously limiting the country’s ability to monetize its own crude oil production. At first glance, a war between the United States, Israel, and Iran in … Read more
