US-Israel Strikes on Iran Draw Global Condemnation, Nigeria Warns of Economic Fallout

US and Israeli military strikes on Iran have triggered international condemnation, with Nigeria warning of severe economic consequences for Africa. China and Russia condemned the actions as reckless aggression, while the UN, AU, and EU called for restraint and de-escalation. Nigeria's AU Commission Chair highlighted risks to global energy and food security, particularly threatening African economies already facing instability. The UN Security Council will meet Saturday to address the escalating conflict, with Russia and China holding veto power. Nigeria's airspace remains open but airlines are monitoring the situation. Will Nigeria's economy withstand potential oil price shocks and supply chain disruptions from Middle East instability?

SOURCE: https://nairametrics.com/2026/03/01/us-israel-iran-escalation-china-russia-eu-au-un-react/