Middle East war: Everyone will feel it — Dangote warns amid fuel price hike

Aliko Dangote, Africa’s richest man, has warned that the ripple effect of the ongoing warfare successful the Middle East betwixt Iran and the United States-Israel would beryllium felt by everyone if it further escalates.

He disclosed this connected Monday aft gathering with Nigeria’s president, Bola Ahmed Tinubu, astatine his Lagos residence.

Dangote, whose 650,000-barrel-per-day refinery had accrued its gantry petrol astatine slightest 5 times successful March to N1,245 per liter, stressed the consequences of a persistent warfare successful the Gulf region.

In his words, the terms of the warfare would beryllium ‘heavy.’

“If the concern does not de-escalate, we volition extremity up paying a dense price.

“Energy affects everything. From tiny businesses similar barbers to industries moving generators, everyone volition consciousness the interaction if costs proceed to rise,” helium said.

DAILY POST reports that since the Iran-US-Israel warfare started connected February 28, crude lipid prices person surged to supra $100 per barrel.

On Monday crude lipid prices cooled disconnected aft bid talks claimed by President Donald Trump.

However, lipid prices continued their upsurge aft Iranian authorities denied the bid talks stance by the US.
DAILY POST reports that Nigerians presently bargain petrol astatine N1,367 per liter arsenic of Monday, up from N875 per liter earlier the Iran-US-Israel war.

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