Nigeria, June 17 -- As tensions between Israel and Iran continue to mount, the global community watches closely, mindful of the wider implications such a conflict could have, not only on the Middle East but on far-flung regions including Africa. For Nigeria, the largest economy in Africa and a major player in global oil production, the stakes are high. Although geographically distant, Nigeria's economic and security interests are intertwined with the evolving dynamics of this geopolitical standoff.

The most immediate and visible impact of a worsening Israel-Iran conflict is likely to be on global oil prices. Iran, a key player in the global oil market and a member of the Organization of the Petroleum Exporting Countries (OPEC), has signi...