Oil price surges to $77 per barrel, exceeds Nigeria’s 2025 budget benchmark
Oil prices increased on Tuesday as the ongoing Iran-Israel conflict showed no signs of resolution. Brent crude rose by 5.29 per cent to $77.04 a barrel at 22.15 WAT, while US West Texas Intermediate crude increased by 5.28 per cent to $74.84 a barrel. According to Reuters, although oil flows remained uninterrupted, Iran partially suspended gas production at the South …