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Oil jumps more than 7% to above $102 ahead of US blockade on IranOil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared ‌to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the war. Brent crude futures gained $7.03, or 7.4%, to $102.23 a barrel by 0810 GMT after settling 0.75% lower on ​Friday. U.S. West Texas Intermediate was up $7.31, or 7.6%, at $103.88 a barrel following a 1.33% loss in the ​previous session….REUTERS.COM

Fed will need to explain why current inflation jump differs from 2022 surgeWhen surging U.S. inflation peaked in June of 2022, driven by rising prices for energy but also for food, shelter, vehicles, and a host of other items, Federal Reserve officials assured the public in stern tones ​that they were on top of the situation and would follow through with steep interest rate hikes to cool the economy….REUTERS.COM

FTSE Russell reclassifies Nigeria to Frontier Market, effective September 2026 FTSE Russell has announced the reclassification of Nigeria from “Unclassified” to “Frontier market status,” ending a more than two-year hiatus that saw the country excluded from its indices. The move signals renewed investor confidence and is expected to open Nigeria’s stock market to increased foreign capital inflows, further boosting a market that has already gained over 29% this year…NAIRAMETRICS.COM

Below is the summary of our recommendations for the week. For detailed review, kindly click the link to see our recommendations for 13042026.