Trump: Israel won't strike Iran's gas plant again
US President Donald Trump announced Israel will not attack Iran's South Pars gas field again, reversing his earlier threat to destroy the facility. This follows Tehran's attacks on Qatar's LNG facilities in retaliation for Israel's strike on South Pars. Crude oil prices surged five per cent as the conflict escalated, raising concerns about global energy supplies. Trump stated the US had no prior knowledge of Israel's attack and that Qatar was not involved. However, he warned that if Iran continued attacking Qatari sites, the US would 'massively blow up the entirety of the South Pars Gas Field'. The conflict has already damaged major Gulf energy infrastructure, including Qatar's Ras Laffan LNG facility. For Nigeria, as a major oil exporter, rising global oil prices could impact the economy. Monitor oil market developments and their potential effect on Nigeria's foreign exchange reserves.