The potential for a US-Iran deal is a classic geopolitical balancing act, and for a nation like Nigeria, the impact would be felt primarily through the volatility of oil prices. If a deal leads to the formal return of Iranian crude to the global market, we could see an increase in supply that puts downward pressure on prices, which would be a significant challenge for Nigeria's revenue projections. However, history suggests these agreements are often fragile, serving as short-term de-escalation tactics rather than permanent shifts in policy, meaning the market might remain cautious rather than fully optimistic. Ultimately, it is likely a temporary geopolitical maneuver aimed at managing regional instability rather than a sign of lasting peace. For Nigeria, this underscores the importance of diversifying the economy away from such a heavy reliance on global energy swings, as the reality is that our budget remains vulnerable to political negotiations happening thousands of miles away.