Nigeria: As US, Iran Resume Hostilities Over Strait of Hormuz, Dangote to Now Sell Fuel in Dollars

July 14, 2026
[This Day] Abuja -- The renewed hostilities between the United States and Iran over the strategic Strait of Hormuz, have triggered fresh concerns across global energy markets, with indications that Nigeria's Dangote Petroleum Refinery has resorted to dollar-denominated transactions effective today.

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