DEVELOPING STORY! Iran Softens, ‘Offers to End Chokehold On Hormuz Strait’
*Oil Prices May Fall Iran is offering to end its chokehold on the Strait of Hormuz without addressing its nuclear program, two regional officials with knowledge of the proposal said today. The cheery news may signal a fall in oil and gas prices globally as almost a quarter of worldwide oil shipping passes through the Strait. In Nigeria, this could be welcome news as petrol prices per litre have hovered above N1200 a litre due to effects of the war and closure of the Strait, worsening a cost-of-living crisis that has ground majority of the citizenry in the dust of…












