…concerns over crude supply disruptionsBrent crude climbed to $105.02 per barrel, with tanker traffic through the Strait of Hormuz falling to its lowest point since late JulyPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dave Ibemere has ove…

…vessels were involved in accidents and were forced to stop. The disruption has pushed tanker traffic through the Strait to a two-month low, fuelling concerns over potential supply shortages during the peak summer demand season. Regional tensions escalated further after Yemen’s Iran-backed Houthi movement announced an i…

…tank farms located within the Apapa corridor, thereby sustaining the heavy volume of tanker traffic in the area. Another major factor is Nigeria’s continued dependence on road transportation for petroleum distribution. Industry operators noted that pipelines, which were originally designed to transport refined petroleu…

…heading to the ports, unlike the Apapa port access road, which is less affected by tanker traffic. According to him, the Managing Director of the NPA has assured stakeholders that the government remains committed to finding a permanent solution to the challenge. NSC absolves self from gridlock When contacted, the Niger…