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Goldman Sachs forecasts that oil prices could spike beyond $150 per barrel if interruptions in crude shipments through the Strait of Hormuz persist, with flows reduced to only 10% of normal levels. The investment bank highlights that recent geopolitical events have significantly impacted oil supply.
China has set its economic growth target for the year at 4.5-5%, a figure slightly lower than the previous year's goal, as Premier Li Qiang highlighted significant economic complexities both internationally and within the country.
A 4.4 magnitude earthquake has hit the Gerash region of southern Iran as military operations from Israel and the US ramp up. Although minor damage has been reported, there are no casualties at this time.
In response to rising geopolitical tensions in the Middle East, the Inspector-General of Police has assured Nigerians of the Nigeria Police Force's commitment to national security and public safety. Enhanced security measures are being implemented across the country.
