Dangote: Nigerians expect reduction in fuel price as Brent, WTI drop below $80/barrel

Brent and West Texas Intermediate crude have crashed sharply to below $80 per barrel, respectively.
Checks by DAILY POST on crude oil prices showed that Brent’s and WTI’s prices dropped by between 5 and 6 percent to $78 and $75 per barrel on Tuesday evening.
The reduction in crude oil prices comes immediately after the President of the United States, Donald Trump, announced the completion of a peace deal with Iran.
He thereafter ordered the withdrawal of US military troops from the Strait of Hormuz, a waterway instrumental to the world’s energy supply.
DAILY POST reports that five Iranian ships passed through the Strait of Hormuz following Trump’s order for a US military blockage....