Oil Prices Soar as US-Israel-Iran Conflict Escalates

Oil prices are rising fast. Some people focus on which country has the deadliest attacks or the longest-range missiles. If the war continues, oil could soon exceed 1,500 naira. Today it is already above 1,000 naira. Without the Dangote Refinery, prices might hit 2,000 naira. Iran and Israel have been enemies since day one. The conflict was bound to flare up. It was only a matter of time before a direct strike. But why is Iran targeting its Arab neighbours now? Why send missiles at the UAE and Saudi Arabia? These proxy wars will end eventually, but no one knows when.

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