Crude oil prices surge above $100 per barrel as fuel surpasses N1,000 per liter in Nigeria

Global crude lipid prices surged supra $100 per tube arsenic of Monday greeting arsenic Premium Motor Spirit, PMS, surpassed N1,000 per liter successful Nigeria, DAILY POST reports.

Brent and West Texas Intermediate crude blends surged by 13 percent and 15 percent to $103.3 per tube and $107.3 per barrel, respectively, according to oilprice.com.

The latest crude terms rally comes amid the ongoing warfare successful the Middle East, with Iran faced by the United States and Israel.

DAILY POST reports that some sides person refused to broker bid arsenic the portion has been successful turmoil since February 28th, 2026, erstwhile the US and Israel coordinated an onslaught connected Iran, which led to the decease of Iranian Supreme Leader Ayatollah Ali Khamenei and respective others.

Iran has since launched retaliatory attacks successful the Gulf region, starring to the shutdown of large refineries and crude businesses.

DAILY POST reports that crude terms surges person besides impacted home petrol prices successful Nigeria, which person risen supra N1,000...