BossuTv Logo
About Bossu
  • arrow_back Home
  • keyboard_arrow_rightBrent Crude

Brent Crude

Results 1-11 of 16 remove Page 1 of 2

Category filter keyboard_arrow_down
trending_flat

Nigeria

The Double-Edged Sword: What the $90 Brent Crude Surge Means for Nigeria

The Geopolitical Spark and Nigeria's Fiscal Lifeline The global energy market is reacting sharply to escalating geopolitical tensions, with international benchmark Brent crude surging past $88 and firmly crossing the $90 per barrel mark. This rapid price spike follows intensive maritime skirmishes and a consecutive ninth night of US military strikes against targets in Iran, severely threatening traffic through the vital Strait of Hormuz shipping lane. For Nigeria, Africa's largest oil producer, this international crisis inadvertently serves as a massive macroeconomic lifeline. With the nation's 2026 budget anchored on a conservative baseline of $64.85 per barrel, this price surge opens the door for a substantial, multi-trillion naira fiscal windfall. NIGERIA'S CRUDE OIL REVENUE GAP (2026) $64.85/bbl [Budget Benchmark Baseline] ───────────────────────────────────► (Expected Fiscal Revenue Floor) $90.00+/bbl [Current Market Surge] ──────────────────────────────────────────────────────────────► WINDFALL ZONE Breaking Down the Projected Windfall The financial implications of […]

Abdulmumini Auwal SA July 20, 2026

trending_flat

international

US-Iran Deal May Ease Global Economic Pressure

More than three months after the conflict involving the United States, Israel and Iran began, Washington and Tehran have reached a framework agreement aimed at reducing tensions and laying the groundwork for a longer-term resolution. A key component of the agreement is the planned reopening of the Strait of Hormuz, one of the world's most important maritime trade routes. The waterway normally handles nearly 20% of global oil and liquefied natural gas shipments, making it critical to international energy markets. The disruption of traffic through the strait since late February triggered sharp increases in global energy prices and raised concerns about supply shortages. While the new agreement has been welcomed by markets, shipping activity in the region remains limited, highlighting the challenges involved in restoring normal operations. Industry experts caution that a full recovery will take time. Hundreds of vessels […]

Abubakar June 15, 2026

trending_flat

international

Crude oil prices fall as US-Iran peace deal boosts global markets

Global crude oil prices have plunged after the United States and Iran reportedly reached a landmark peace agreement, easing fears of prolonged conflict in the Middle East and boosting investor confidence across global markets. Brent crude, the primary benchmark for worldwide oil prices, fell 3.4% to $87.30 per barrel, while West Texas Intermediate (WTI) crude declined 3.2% to $84.88 a barrel. Front-month Brent crude futures had decreased by 4.3%, settling at $86.50 per barrel, while front-month WTI crude futures also dropped by 4.3%, now at $83.76 per barrel. The market reaction follows President Donald Trump's announcement that the U.S. has agreed to a peace deal with Iran, allowing the reopening of the Strait of Hormuz and removing oil sanctions on Iran. This development has reduced concerns over oil supply disruptions from the region and eased fears that the conflict would […]

Abdulmumini Auwal SA June 15, 2026

trending_flat

international

Oil Prices Bounce Higher After New US Strikes on Iran

Oil prices jumped higher after the United States launched fresh self-defense strikes on Iranian targets, shattering earlier hopes for an imminent peace deal and raising fears of further disruption to global energy supplies. Brent crude, the international benchmark, reclaimed nearly all of Monday’s losses, climbing by $1.40 or 1.5 per cent to settle at $97.56 per barrel shortly after the US military action began. US crude (WTI) also rose, recovering part of the sharp selloff that had seen prices drop nearly 7 per cent earlier in the session. The US strikes targeted missile launch sites and a drone control facility near Bandar Abbas in southern Iran, as well as vessels attempting to lay mines close to the Strait of Hormuz. The renewed escalation reignited concerns about the security of the vital waterway, which Iran has effectively blocked since March and […]

Abdulmumini Auwal SA May 28, 2026

trending_flat

international

Iran defies Trump’s blockade as oil prices soar

Iran has vowed to resist a prolonged United States naval blockade and keep its economy functioning, even as global oil prices surge to multi year highs. The warning comes after President Donald Trump signalled that the US led operation to restrict shipping to and from Iranian ports could last for months. Iranian officials say the blockade will fail and have accused Washington of waging economic warfare and collective punishment against the country. Tehran says it is finding alternative routes and partners to sell its crude, including ship to ship transfers and deals that avoid dollar payments. Oil markets have reacted nervously to the standoff. Brent crude has climbed well above 110 dollars a barrel, while US benchmark West Texas Intermediate has traded above 100 dollars, levels last seen several years ago. Analysts say prices have been driven higher by the […]

Abdulmumini Auwal SA April 30, 2026

trending_flat

international

Oil prices fall after US-Iran ceasefire deal

Global financial markets reacted positively after the United States and Iran agreed to a conditional two-week ceasefire, which includes reopening the strategic Strait of Hormuz. The development led to a sharp drop in oil prices and strong gains in stock markets worldwide. Brent crude fell by around 13% to $94.80 per barrel, while US crude dropped more than 15% to $95.75. Despite this decline, prices remain above pre-conflict levels, when oil traded near $70 per barrel in late February. Energy markets had been under pressure due to disruptions in Middle Eastern supply, particularly after Iran threatened to target vessels passing through the Strait of Hormuz in response to US and Israeli strikes. Stock markets mirrored the improved sentiment. European indices opened higher, with London’s FTSE 100 rising by 2.53%, France’s CAC 40 gaining 4%, and Germany’s DAX climbing nearly 5%. […]

Abubakar April 8, 2026

trending_flat

international

Oil prices plunge as Trump pauses Iran energy strikes

Oil prices fell sharply on Monday while European stock markets rebounded after United States President Donald Trump suddenly ordered a halt to planned strikes on Iranian energy infrastructure. His comments on Truth Social marked a sharp shift from his earlier threats over the weekend.​ Brent crude futures at one point dropped more than 14 percent before trimming losses to trade down about nine percent. West Texas Intermediate crude also slid, and European gas prices fell by around four percent as traders reacted to the pause in military action.​ Analysts said markets now need more clarity because Iran has publicly denied that any talks with the United States have taken place. That denial partly cooled the initial relief rally and reminded investors that tensions in the Middle East remain high.​ European stocks had opened the week with heavy losses but turned […]

Abdulmumini Auwal SA March 23, 2026

trending_flat

Nigeria

Crude hits 114 as fears grow over fresh petrol price hikes in Nigeria

There are fresh concerns that petrol prices in Nigeria could rise further after Brent crude oil jumped to about 114 dollars per barrel following a sharp escalation in the United States and Israel war on Iran . Petrol is already selling for between N1,200 and N1,400 per litre in parts of the country, up from around N730 to N880 per litre before the conflict began on February 28 . Global prices surged after Israel struck Iran’s South Pars gas field, the world’s largest gas deposit, prompting Iranian missile and drone attacks on energy facilities in Qatar and Saudi Arabia and triggering fears of wider disruption to supplies . Brent crude rose by about 6.24 percent to 114.08 dollars per barrel, its highest level since May 2022, while US West Texas Intermediate crude climbed to around 96.33 dollars per barrel . […]

Abdulmumini Auwal SA March 20, 2026

trending_flat

international

Oil climbs above $100 as Iran war batters Asian stocks

Oil prices have risen further above $100 a barrel as the Iran war moves into its third week, putting fresh pressure on global markets.Both Brent crude and US benchmark WTI extended recent gains, driven by fears of prolonged supply disruptions from the Middle East. Brent climbed by about three percent in early Asian trading, briefly touching around $106.50 before easing back toward $105.WTI hovered just under the $100 mark after also surging sharply since the conflict began. Since the start of the war, Brent has jumped by more than 40 percent, while US crude is up almost 50 percent.Analysts warn that rising energy costs risk fuelling inflation again and could slow global economic growth. Most Asian stock markets fell as investors reacted to the threat of an energy shock and reduced expectations of interest rate cuts.Indexes in Tokyo, Shanghai, Seoul, […]

Abdulmumini Auwal SA March 16, 2026

Nigeria

FG weighs options as Iran war pushes petrol above N1,000

The Federal Government is assessing its economic and diplomatic options as the war involving Iran, the United States and Israel begins to hit Nigerians through higher fuel prices and fresh pressure on the economy. Officials are closely tracking developments in the Middle East, where attacks on oil facilities, shipping disruptions and tensions around strategic waterways have driven up global crude prices. The conflict has already pushed Brent crude well above Nigeria’s 2026 budget benchmark, raising both risks and opportunities for Africa’s largest oil producer. On the domestic front, petrol prices have crossed or neared N1,000 per litre in many locations, with queues reappearing at filling stations across parts of the country. Marketers and analysts link the spike to higher international crude and freight costs, as well as supply constraints and the impact of the conflict on global refinery output and […]

Abdulmumini Auwal SA March 8, 2026

About Bossu TV

BossuTV is a groundbreaking digital television platform that delivers dynamic, high-quality content across every aspects of life — from entertainment, education, and lifestyle to business, culture, and community development

Site Links

BossuTv Logo

Login to enjoy full advantages

Please login or subscribe to continue.

✖

Go Premium!

Enjoy the full advantage of the premium access.

✖

Stop following

Unfollow Cancel

✖

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

✖