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Gulf Crisis: IMF plans $50bn support for Nigeria, other Vulnerable Nations
The International Monetary Fund (IMF) disclosed yesterday that it was preparing a potential $50 billion support package aimed at cushioning Nigeria and other vulnerable economies from the economic shockwaves of rising geopolitical tensions in the Middle East, where fears of supply disruption have kept global oil markets on edge. The proposed intervention comes as crude prices held steady around $95 per barrel on Wednesday, reflecting a fragile balance between easing expectations of US-Iran diplomatic engagement and persistent concerns over possible escalation in the region. [...]