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Petrol, crude oil, gas prices go up as Middle East tensions escalate

Naija News • 1d ago
Petrol, crude oil, gas prices go up as Middle East tensions escalate
Natural gas prices surged nearly 50% after QatarEnergy suspended LNG production following reported military attacks Iran warned vessels against passing through the key waterway that handles about 20% of global oil and gas shipments Major European stock markets and UK banking shares declined over inflation concerns, while the Nigerian market is also reacting Oluwatobi Odeyinka is a business editor at Legit.ng, covering energy, the money market, technology and macroeconomic trends in Nigeria. Global energy prices rose sharply on Monday after military strikes in the Middle East disrupted oil and gas facilities and heightened concerns over supplies through the Strait of Hormuz. Iran warned vessels against passing through the key waterway that handles about 20% of global oil and gas shipme...
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