The Shock and Its Scale The outbreak of war between the United States and Iran in early 2026 sent tremors through global energy markets. When US and Israeli forces struck Iran in late February 2026, the Strait of Hormuz, the narrow passage through which roughly a fifth of the world’s seaborne oil an

Nigeria's transition financing keeps running into the same trap: geopolitical oil-price spikes generate exactly the windfall revenue that makes diversification look less urgent in the moment it's most needed. Whether this Gulf shock funds transition infrastructure or just plugs next year's budget gap will say a lot about Abuja's actual time horizon.














