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Nigeria’s Oil Benchmark, Brent, Jumps to Over $80 as Trump Reimposes Iran Blockade

THISDAY Jul 14, 2026 · 06:01 WAT
Nigeria's benchmark crude, Brent, has risen past eighty dollars per barrel following the United States' blockade on Iran. Concurrently, the Dangote refinery has initiated dollar-denominated pricing for petrol, setting its ex-depot rate at approximately seventy-eight cents per litre.
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