Nigeria Calls for Restraint as US-Israel Conflict with Iran Escalates
Abuja, Nigeria – February 28, 2026 – The Nigerian government has issued a strong call for restraint and a return to negotiation as tensions escalate between the United States, Israel, and Iran. The statement comes following a large-scale military operation launched by the US and Israel against Iran on Saturday, February 28, 2026, and subsequent retaliatory strikes by Iran.
Government Concerns and Calls for De-escalation
The Ministry of Foreign Affairs expressed “deep concern” over the violence, urging all parties to avoid actions that could intensify hostilities and potentially destabilize the region and the world. Nigeria stressed the importance of adhering to the provisions of the United Nations Charter and the Geneva Convention, emphasizing respect for sovereignty, territorial integrity, and the peaceful settlement of disputes. Premium Times reports that the government warned citizens residing in Iran and other Middle Eastern countries to avoid potential flashpoint areas.
Impact on Global Oil Markets
The conflict is already impacting global energy markets, with Brent crude oil prices surging. BusinessDay reports that Brent crude reached a seven-month high near $73 a barrel on Saturday, and analysts predict prices could reach $80 per barrel if supply disruptions occur. This potential price increase could provide a windfall for Nigeria’s crude oil revenues, as the country prepares to export a new grade of sweet, light crude. The Strait of Hormuz, a critical waterway for global oil transport (handling over 20% of the world’s crude), is now a focal point of concern due to the conflict.
Escalation of Conflict
The attacks on Iran targeted multiple cities, including the capital, Tehran, marking a significant escalation of the regional conflict. Explosions were reported in Isfahan, Qom, and Karaj. This is the second time the U.S. Has struck Iranian soil in less than a year, following strikes on nuclear sites in June 2025. Israel has closed its airspace and suspended civilian flights, with the Home Front Command ordering the public to cease non-essential activities. Reports indicate at least 201 people have been killed in US and Israeli strikes on Iran, according to Iran’s Red Crescent Society, while retaliatory strikes by Iran have caused damage in Israel, including to a nine-story building.
Nigeria’s Position and International Solidarity
Nigeria, a longstanding advocate of non-alignment, multilateralism, and constructive engagement, supports renewed diplomatic efforts within established international and regional frameworks to resolve the crisis. The government emphasizes the need to preserve the existing legal architecture governing the use of force to protect civilians and maintain international order. Nigeria has expressed solidarity with the international community in its call for calm and a sustainable peace. Legit News reports the federal government has listed five key considerations regarding the escalating war.
Potential Economic Implications for Nigeria
The escalating confrontation presents both opportunities and risks for Nigeria’s economy. While higher oil prices could boost revenue, significant disruptions to global supply chains could also create economic shocks. ThisDayLive explores the potential for both an oil windfall and economic shock for Nigeria.