Oil markets have a long history of reacting sharply to geopolitical shocks. Their deeper significance, however, lies in how they redistribute opportunity across producing economies. For oil-dependent states like Nigeria, price surges are not merely market events; they are moments of fiscal possibility that can either reinforce structural weakness or enable meaningful economic recalibration.
The latest Middle East crisis has once again triggered a similar response in global oil markets. Brent crude briefly surged above $100 per barrel, far ex
