Crude Oil Steady Despite Rising Iran War Risks, Shipping Disruption |

🔴 Tension Rising Business Post Nigeria 2026-05-01
Crude oil prices remained stable despite rising US and Iran war risks, with shipping disrupted through the Strait of Hormuz. US President Trump indicated the Navy could escort oil tankers through the strait if necessary, and the US is working on plans to secure the waterway. India and Indonesia are seeking alternative supplies, while some Chinese refineries are adjusting maintenance schedules.
유가영향석유제재해상안보미이란외교중동안보
Source: Business Post Nigeria (businesspost.ng)
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