As US and Israeli airstrikes hit Iran, African capitals are divided — some denounce the attacks, others stay neutral, and many warn Iran against retaliating against key Gulf partners. Despite the unrest, the Nigerian government has adopted a cautious and balanced stance, avoiding alignment with either Iran or the US-Israeli coalition. Rising oil prices have historically strained many African economies, especially net importers, by raising inflation and widening trade deficits. Market turbulence growsWith global oil prices jumping sharply following renewed Middle East tensions, African governments fear the potential economic fallout could be severe. Yet a shared message emerges across the continent: a strong call for peace, restraint, and strict adherence to international law.

Source: The North Africa Journal March 03, 2026 05:01 UTC