Israel-Iran conflict escalates, global oil prices surge
Israel and Iran continue airstrikes across Middle East, Lebanon and Iran. Israel confirmed strikes on Tehran airport, military academy, and missile storage. Iran retaliated with missile attacks on Israel, UAE, and Jordan. Global oil prices surge 15% as key shipping lanes threatened. Nigeria's economy vulnerable to oil price volatility. Government urged to monitor fuel subsidy adjustments. Conflict shows no end in sight, lasting potentially a month or more.
SOURCE: https://www.channelstv.com/2026/03/07/trump-threatens-to-escalate-bombing-as-iran-vows-no-surrender/