As the United States and European allies of Ukraine threaten to tighten sanctions on Russia, oil traders are concerned about the prospect of supply in a market where demand is rising rapidly, as factories and broader economies open up to recover from the doldrums of COVID-19 restrictions.

Like a tale of two halves, oil importers such as South Africa and Kenya are groaning as rising crude oil price sends the price of petrol, and by extension, other consumer good prices higher, escalating the current inflationary pressures in those countries

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https://naijareporters.com/2022/02/27/nigeria-losess-in-global-oil-price-as-ukraine-and-russia-war-escalates/

Will you shut up! Thanks to their war, oil prices have soared! Our almost dead naira is slowly being revived.

Tmberwolf1:
Will you shut up! Thanks to their war, oil prices have soared! Our almost dead naira is slowly being revived.

Higher oil prices, higher subsidy payment.

Rollsnjaguar:


Higher oil prices, higher subsidy payment.

I forgot... Chai!