US,Israel boost Mideast missile production amid Iran tensions
US defense contracts with Lockheed Martin and Honeywell to quadruple missile production signal escalation in Middle East conflict. The agreements aim to replenish stocks depleted by US, Israel and Gulf states' use of interceptor missiles against Iranian attacks. Key impacts include potential oil price volatility due to Strait of Hormuz tensions and heightened regional security concerns affecting Nigerian interests. The deals follow Iran's rejection of US peace proposals, signaling prolonged conflict. Nigeria should monitor oil supply chains and regional security developments.