Oil Price Move Pass $100 As Iran Attack Gulf Ships

By: Esther Ayoola

International Energy Agency (IEA) say oil price don high again oh, pass $100 per barrel on Thursday, as new attack for Gulf hit oil ships.

Say, Strait of Hormuz, wey dey carry one-fifth of world oil, don almost close because Iran dey attack ships and dia Gulf neighbors.

One oil tanker off Iraq explodes, one crew man kpai, and another cargo ship catch fire from shrapnel, di attack hapun because of regional war tension.

IEA warn say global oil production don drop 8 million barrels per day, plus 2 million barrels of petroleum products, as di fighting dey choke supply and push price high.