Israel strikes Iran amid Trump ultimatum over Strait of Hormuz

Israel launched airstrikes across Iran on the night of April 5-6, 2026, killing at least nine people. Iranian state-run media reported attacks in Ahvaz, Bandar Lengeh, Karaj, and Shiraz regions. This follows a 48-hour ultimatum from U.S. President Donald Trump demanding Iran reopen the Strait of Hormuz or face total military destruction.

The strikes come amid intensified exchanges after Iranian missiles killed nine people in Beit Shemesh, Israel, earlier this week. Trump's threat raises significant regional tensions, with the Strait of Hormuz—a critical oil chokepoint—at the center of the confrontation. Approximately 30% of global oil passes through this waterway.

For Nigeria, any disruption to the Strait could spike global oil prices, directly impacting fuel costs and inflation. The naira may also face depreciation pressure from increased dollar demand for oil imports. Past geopolitical shocks have led to immediate fuel price hikes and subsidy debates in Nigeria.

Nigerians should monitor official statements from the Ministry of Petroleum Resources and the Central Bank for potential adjustments. Diversifying foreign exchange sources and preparing for economic ripple effects would be prudent. Should Nigeria accelerate domestic refining capacity or strengthen strategic reserves to better withstand such external shocks?

SOURCE: https://dailypost.ng/2026/04/06/israel-strikes-iran-in-fresh-attack/