Weekly Wealth Digest for June 15, 2026

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Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices slipped to a 3-month low on Monday after U.S. ‌President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $4.33, or nearly 5%, to $83.00 a barrel by 0840 GMT and U.S. West Texas Intermediate was at $80.34, ​down $4.54, or 5.35%. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more ​than 3% on Friday………REUTERS.COM

Wall Street ends higher as SpaceX’s market debut dominates

U.S. stocks ended higher on Friday as investors held out ​hope for a peace deal between Iran and the United States and as  Space X shares surged in their debut, making it Wall Street’s biggest ‌public listing in history. The United States and Iran signalled that an agreement to end their war was close, with a senior U.S. administration official saying a draft proposal was in place that was liked by both sides. U.S. President Donald Trump has said several times since mid-March that a deal with Iran to end the war was close…..………REUTERS.COM

Foreign VAT collections rise 83% year-on-year to N830.47 billion in Q1 2026

Nigeria’s foreign Value Added Tax (VAT) collections recorded significant growth in the first quarter of 2026, reflecting the expanding digital economy and improved compliance by non-resident service providers. An analysis of data released by the National Bureau of Statistics (NBS), compiled by Nairametrics, showed that foreign VAT revenue rose to N830.47 billion in Q1 2026, representing an increase of about 83% from the N454.76 billion recorded in the corresponding period of 2025…………..NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For a detailed review, Kindly click the link to see our recommendations for 15062026.