WBG projects Nigeria's economy will expand at an average annual rate of 4.4% through 2028.

Oil rose more than 3% intraday on Thursday as escalating Houthi attacks on Saudi Arabia, a separate tanker attack in the Persian Gulf and Hurricane Isaias approaching the U.S. northern Gulf forced wider production shut‑ins. The U.S. Bureau of Ocean Energy Management said by Wednesday morning about 511,619 b/d of Gulf of Mexico oil production—roughly 25.08% of the region’s current output—was shut in; eight production platforms and two drilling rigs had been evacuated and one rig moved out of the storm track. About 16.37% of regional natural gas output was also shut in. The NHC said Isaias strengthened into a hurricane Wednesday night and is expected to approach the northern U.S. Gulf Coast on Friday.

UK Maritime Trade Operations said on the 7th a tanker in waters off Qatar was struck by multiple projectiles and casualties were reported. Such attacks have frequently occurred in and near the Strait of Hormuz; this incident was in northern Qatari waters closer to the Persian Gulf interior. The report gave no details on the number or severity of casualties. UKMTO urged vessels to remain vigilant and to report any suspicious activity.