The Nigerian Federal Government has issued a stark warning that intensifying hostilities between Houthi rebels in Yemen and Saudi Arabia could severely disrupt global oil supplies and maritime trade routes.
The statement underscores growing anxiety among major economies about the stability of critical energy corridors in the Middle East.
This diplomatic alert comes as maritime security in the region has visibly deteriorated.
Recent Handelsavisen coverage highlighted two new attacks on oil tankers in the Red Sea, marking a significant escalation in regional shipping risks.
The compounding threats create a precarious environment for global energy logistics, with the Strait of Hormuz and the Red Sea both facing heightened vulnerability.
For markets, the risk is not merely theoretical.