Reported about 23 hours ago
A significant decline in crude oil prices, prompted by U.S. tariffs, is straining the budgets of emerging market oil exporters like Angola and Nigeria, while benefiting importers such as Turkey and India. The price drop, affecting budgets reliant on oil revenues, could deepen ongoing economic challenges, particularly for countries already at risk of high debt distress. Despite some recovery, the overall outlook indicates that oil-exporting nations will struggle more than their importing counterparts.
Source: YAHOO