surge

March 16 (Asia Today) — This commentary is the Asia Today Editor’s Op-Ed.

International oil prices and South Korea’s currency are rising sharply again as the Middle East conflict intensifies, raising growing concerns that the country could slide into stagflation.

On March 13, global crude prices climbed back above $100 per barrel, while the Korean won weakened beyond 1,500 per U.S. dollar in overnight trading. The simultaneous surge in energy prices and the exchange rate has heightened fears that South Korea could face a worst-case scenario in which economic growth slows while inflation accelerates.

Such developments threaten to derail the government’s economic targets for the year – about 2% growth and inflation in the 2% range – making emergency policy responses increasingly urgent.

Brent crude futures for May delivery closed at $103.14 per barrel, up 2.7% from the previous day. It was the first time Brent crude exceeded $100 since August 2022.

U.S. West Texas Intermediate (WTI) crude futures settled at $98.71 per barrel, approaching the $100 threshold. Meanwhile, Dubai crude, the benchmark most relevant to South Korea’s imports, surged to $123.50 per barrel, up $34.60 from the previous week.

As oil prices surged, investors turned toward the U.S. dollar as a safe-haven asset. The won-dollar exchange rate closed at 1,497.5 won per dollar in overnight trading, up 16.3 won from the regular daytime session. During trading, the rate briefly rose to 1,500.9 won, crossing the psychologically important 1,500 level for the first time in seven trading days.

The twin surge in oil prices and the exchange rate has been driven largely by escalating tensions in the Middle East.

Iran has openly threatened to block the Strait of Hormuz, a critical chokepoint through which about 20% of the world’s crude oil supply passes. Iran’s new supreme leader, Mojtaba Khamenei, declared a prolonged confrontation in his first official statement on March 12, saying Tehran should continue using the possibility of a Hormuz blockade as leverage against the United States and Israel.

Oil prices, which had briefly stabilized after U.S. President Donald Trump suggested the conflict might end soon, surged again following the statement.

Tensions escalated further after the United States launched airstrikes on Kharg Island, Iran’s largest oil export hub, on March 13. Iran retaliated by attacking the Fujairah port in the United Arab Emirates, a key oil-export route that bypasses the Strait of Hormuz, putting global energy supply chains on alert.

Trump has also urged five countries – including South Korea, China and Japan – to dispatch naval vessels to the Strait of Hormuz, pushing regional military tensions to a new peak.

Economic analysts warn the shock could have serious consequences for South Korea’s economy.

The Korea Development Institute (KDI) warned last week that rising oil prices linked to the Middle East conflict would increase inflationary pressure while weakening economic growth.

The Hyundai Research Institute estimated that if oil prices climb to $150 per barrel, South Korea’s economic growth rate could fall by 0.8 percentage points.

The government is considering a supplementary budget of 10 trillion to 20 trillion won ($7.5 billion to $15 billion) and temporary fuel tax cuts. However, these measures would only offer short-term relief.

A more fundamental solution lies in reducing South Korea’s heavy reliance on Middle Eastern crude oil, which accounted for 69% of total imports last year. Diversifying energy sources by expanding imports from countries such as Brazil and Norway should be pursued urgently.

The government must mobilize every available policy tool – including measures to stimulate domestic demand – to prevent what could become the fourth Middle East-driven oil shock from pushing the economy into stagflation.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260315010004332

Published on 09/03/2026 – 17:06 GMT+1•Updated
17:14

G7 finance ministers discussed a coordinated release of emergency oil reserves on Monday but failed to reach agreement, with France’s Roland Lescure saying the group was “not there yet” on a deal.

ADVERTISEMENT

ADVERTISEMENT

The G7 was exploring a coordinated release of emergency oil reserves to tamp down fears of an impending shortage but stopped short of a deal.

Japan’s finance minister, Satsuki Katayama, said the International Energy Agency (IEA) explicitly requested the coordinated release during the G7 meeting, according to Bloomberg.

Brent crude briefly hit $119.50 a barrel on Monday morning, its highest level since 2022, having jumped roughly 25% since Friday as the Iran war intensified, raising fears over global production and shipping.

At the time of writing, oil prices pared gains and are trading slightly below $100 a barrel, as markets remain highly volatile.

Stock markets fell worldwide on concerns the global economy would not be able to absorb a sustained oil price shock.

Equity markets drop over uncertainty

At the open on Monday, the S&P 500 fell 1.3%, coming off its worst week since October. The Dow Jones Industrial Average was down 1.5% and the Nasdaq composite 1.2% lower.

The most immediate pain on Wall Street is hitting companies with large fuel bills. Carnival lost 7.3%, United Airlines sank 6.9% and Old Dominion Freight fell 3.8%.

Retailers dependent on long-haul shipping, whose customers are also facing higher petrol costs, also struggled. Best Buy fell 4.4% and Williams-Sonoma dropped 4%.

The moves followed steeper losses in European and Asian markets, where economies are more exposed to imported oil and gas. South Korea’s Kospi sank 6%, Japan’s Nikkei 225 dropped 5.2% and Europe’s Euro Stoxx 50 tumbled 1%.

Potential stagflation scenario

Since the war with Iran began, the central worry for financial markets has been how high oil prices will go and how long they will stay there.

If prices stay very high for very long, household budgets already stretched by high inflation could break under the pressure.

Meanwhile, companies would see their own bills jump for key items such as fuel and stock items, as well as for powering their data centres.

It all raises the possibility of a worst-case scenario for the global economy: stagflation, or a period when economic growth stagnates and inflation remains persistently high.

Late on Sunday, President Donald Trump countered this narrative by assuring that high oil prices at the moment are both worth the cost and only temporary.

“Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and world, safety and peace,” he said in a post on Truth Social.

In the bond market, the yield on the 10-year Treasury held at 4.15%, where it ended Friday.

Worries about high inflation and oil prices are applying upward pressure on Treasury yields, while risks of a slowing economy are pulling in the opposite direction.

Concerns about stagflation deepened on Friday following a surprisingly weak US jobs report showing that employers cut more jobs last month than they added.

The ongoing U.S.-Israeli conflict with Iran has sent oil prices soaring, rattling global financial markets and prompting governments to implement urgent measures to protect their economies and citizens from energy shortages and rising costs. As the war disrupts critical supply routes through the Strait of Hormuz, countries heavily reliant on oil imports are scrambling to stabilize domestic fuel supplies and mitigate inflationary pressures.

South Korea Caps Fuel Prices

In a historic move, South Korean President Lee Jae Myung announced that the government would cap domestic fuel prices for the first time in nearly 30 years. Authorities are also seeking alternative energy sources beyond shipments through the Strait of Hormuz. To support the measure, a 100 trillion won ($67 billion) market-stabilization program may be expanded if necessary, reflecting the severity of the supply shock.

Japan Prepares Strategic Oil Reserves

Japan has instructed a national oil reserve storage facility to prepare for a possible release of crude oil, according to opposition party lawmaker Akira Nagatsuma. While precise details and timing remain unclear, this measure underscores Japan’s reliance on strategic reserves to manage sudden spikes in global energy prices.

Vietnam Removes Fuel Import Tariffs

Vietnam is temporarily eliminating import tariffs on fuels to ensure continued domestic supply amidst global disruptions. The government expects this measure to remain in effect until the end of April, aiming to reduce cost pressures on both businesses and consumers.

Indonesia Boosts Fuel Subsidies and Biodiesel Plans

Indonesia is increasing budget allocations for fuel subsidies, currently totaling 381.3 trillion rupiah ($22.5 billion), to offset rising energy costs and maintain affordable electricity and fuel prices. The government may also revive plans to expand the B50 biodiesel program, blending 50% palm oil-based biodiesel with conventional diesel, as a longer-term strategy to reduce dependency on imported oil.

China Halts Fuel Exports

China has directed refiners to suspend new fuel export contracts and attempt to cancel previously committed shipments. This policy excludes jet fuel for international flights, bonded bunkering, and supplies to Hong Kong or Macau. The move is designed to secure domestic fuel availability amid soaring global prices.

Bangladesh Closes Universities and Rations Fuel

Bangladesh, which depends on imports for 95% of its energy, has implemented emergency measures including university closures and rationing fuel sales to conserve electricity and fuel. Daily fuel sale limits were imposed after panic buying and stockpiling, highlighting the country’s vulnerability to regional energy disruptions.

Analysis: A Coordinated Global Response

These measures illustrate the unprecedented economic ripple effects of the Middle East conflict. Countries with high import dependency are balancing immediate crisis management such as subsidies, price caps, and rationing with longer-term energy strategies, including strategic reserve releases and alternative fuel initiatives.

The rapid policy responses also underscore the fragility of global energy markets in the face of geopolitical conflicts. Central banks and governments must navigate a complex trade-off: containing inflation while ensuring sufficient energy supply to prevent industrial slowdowns and social unrest.

As the conflict persists, global energy markets remain highly volatile, and governments may need to continue adjusting policy tools to stabilize domestic economies, with potential implications for trade, inflation, and energy security worldwide.

With information from Reuters.

March 8 (Asia Today) — Forced stock sales in South Korea surged this week as rising market volatility triggered margin calls for investors who borrowed money to buy shares.

According to the Korea Financial Investment Association, forced liquidations totaled 77.7 billion won ($58 million) as of Wednesday, the eighth-largest amount recorded since the data began in 2006.

Outstanding margin balances also climbed to 2.15 trillion won ($1.6 billion), the highest level on record.

The sharp increase follows a strong rally in South Korean stocks earlier this year, driven largely by optimism surrounding artificial intelligence and semiconductor demand. However, geopolitical tensions in the Middle East have increased market volatility and halted the rally, prompting forced selling by heavily leveraged investors.

Margin balances occur when investors purchase stocks through brokerage accounts but fail to fully pay for the shares by the settlement deadline. If the funds are not repaid within two business days, brokerage firms may liquidate the holdings to recover the debt.

Analysts say the surge in forced sales highlights structural vulnerabilities in the South Korean stock market.

After tensions escalated in the Middle East, major East Asian markets including Japan, China, Taiwan and Hong Kong fell about 1% to 5% on the first trading day. South Korea’s market, however, dropped more than 12%, reflecting its heavier concentration in semiconductor stocks that had previously surged during the AI-driven rally.

The scale of outstanding margin balances has more than doubled since the start of the year. On the first trading day of 2026, unpaid balances totaled about 927.3 billion won ($690 million).

Because forced liquidations typically follow unpaid margin balances from the previous trading day, analysts warn that additional selling pressure could emerge if the outstanding balances remain elevated.

Yang Jun-seok said investors relying on borrowed funds should adopt a more cautious strategy.

“While the AI rally could continue supporting the broader market, volatility may increase due to developments related to Iran,” Yang said. “Investors using leverage are particularly vulnerable to market shocks and should consider exit strategies.”

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260309010002100

March 4 (Asia Today) — South Korea’s aviation industry is on alert as rising oil prices and a weakening Korean won threaten airline profitability following the recent escalation in Middle East tensions.

The surge in global crude prices and the won-dollar exchange rate comes after the United States and Israel launched airstrikes on Iran, raising fears of prolonged instability in the region.

According to the Korea Exchange on Tuesday, shares of Korean Air fell 7.94% to 23,200 won (about $16.10). The stock has dropped about 17% compared with its Feb. 27 closing price of 28,100 won (about $19.40), just before the strikes on Iran, reflecting investor concerns about rising operating costs.

Fuel expenses account for roughly 30% of airline operating costs, making the industry particularly vulnerable to oil price fluctuations. Korean Air estimates that a $1 change in oil prices per barrel can affect its operating profit by about $30.5 million.

Brent crude futures on the ICE Futures Exchange closed at $81.40 per barrel on Tuesday, up $3.66, or 4.71%, from the previous session. West Texas Intermediate crude rose $3.33, or 4.67%, to close at $74.56 per barrel on the New York Mercantile Exchange.

Oil prices have climbed for three consecutive trading days after tensions surrounding Iran intensified and shipping through the Strait of Hormuz – a key route for about 20% of global seaborne oil shipments – was disrupted.

Korean Air said it plans to protect profitability through hedging strategies. The airline uses fuel price option contracts under internal risk management policies, primarily employing a “zero-cost collar” hedging structure that sets upper and lower price limits for fuel purchases.

Under this system, the airline can buy jet fuel at a predetermined price even if oil prices rise, while it must purchase fuel at the agreed level if prices fall below a certain threshold.

Korean Air said it hedges up to 50% of its projected annual fuel consumption.

“Ongoing assessments of oil price risks are conducted regularly, and we apply appropriate hedging products depending on market conditions and price levels,” a Korean Air official said.

Industry analysts warn, however, that prolonged tensions in the Middle East could place additional pressure on airlines through a weaker Korean currency.

The won briefly surpassed the psychologically significant level of 1,500 per U.S. dollar early Tuesday. A weaker won typically increases overseas operating costs for airlines and can also dampen travel demand.

Low-cost carriers are expected to face greater difficulties. Jeju Air, Jin Air and T’way Air – South Korea’s major budget airlines – all reported operating losses last year amid the strong dollar and have been striving to return to profitability.

Recent signs of exchange rate stabilization had raised hopes for improved performance this year, but the Iran crisis has revived concerns across the industry.

A T’way Air official said the company is preparing contingency plans.

“When the won-dollar exchange rate rises, we respond by covering overseas operating costs with foreign currency revenues generated locally,” the official said. “We are reviewing additional measures depending on changes in the international situation.”

If you want, I can also create a short 60-90 second YouTube news script version of this story, which would fit well with your weekly global news roundup format.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260304010001116

March 3 (UPI) — The price of Brent crude oil rose to $80 a barrel and the price of natural gas jumped 30% to $1.97 per therm on Tuesday after Iran effectively shut the key Strait of Hormuz shipping lane, with an official threatening its forces would “set fire to anyone who tries to pass.”

Prices continued their upward trajectory from Monday when markets reopened following the military strikes over the weekend on Iran by the United States and Israel and Tehran’s strikes on its oil and gas producing neighbors across the Gulf.

Concerns over supply disruptions are growing as the conflict widens across the region with Iranian strikes going beyond military bases used to launch attacks on Iran to target oil and gas production facilities, as well as Amazon data centers in the United Arab Emirates and Bahrain.

On Monday, Qatar Energy, one of the world’s largest exporters of liquefied natural gas, shut down production following “military attacks” on its Ras Laffan plant and Saudi Arabia’s state-run Aramco shuttered its giant Ras Tanura refinery near the port city of Dammam after it was set ablaze in a drone strike.

Analysts warned the oil price could surpass $100 a barrel if the disruption continued for very long — translating to a 25-cent-a-gallon rise in U.S. petrol prices.

The risk to maritime traffic was also pushing up the cost of moving oil from the Gulf to Europe and Asia and around the world with the leasing cost of a tanker to ship Middle East to China doubling to $400,000 a day on Monday.

The president of logistics technology platform Flexport, Sanne Manders, told the BBC that while Iran had not physically blockaded the strait, through which 20% of the world’s oil and gas transits, it was closed as far as global shipping was concerned.

Manders said it was partly that shipping lines were simply unwilling to expose their vessels, cargo and crews to potential jeopardy and partly insurance companies “not being willing to insure this risk anymore.”

He warned that expectation of higher fuel costs would feed through to movement of all goods by sea with carriers hiking rates “for any shipping in the world.”

That all fed into investor fears over the consequences for inflation and interest rates, sending global stock markets tumbling overnight, led by Japan’s Nikkei 225 Index, which ended Tuesday down more than 3%.

In mid-morning trade London’s FTSE 100 was down 2.8 %, Germany’s blue-chip DAX was trading 4% lower, down more than a thousand points, and the CAC 40 in Paris was off by 3.2%.

The pan-European Stoxx 600 Index continued its retreat, with across-the-board falls in all sectors pulling it 2.9% lower, while the blue-chip Euro Stoxx 50 was even lower, down 3.1%.

However, hotels, airlines and utilities took the biggest hits while energy firms and defense contractors performed better.

Ahead of the opening of U.S. markets, S&P 500 futures fell by 1.8%, Nasdaq 100 futures were down 2.3% and Dow Jones Industrial Average-linked futures moved lower by around 1.7%, or 821 points.

Defense and energy stocks rose on Monday led by Northrop Grumman, up 6%, and Palantir, up 5.8%, which together with a surge in NVIDIA’s share price, helped the overall market erase big losses early on to end the day in the black.

U.S. President Donald Trump was due to discuss the economic and cost-of-living impacts with Treasury Secretary Scott Bessent and Energy Secretary Chris Wright on Tuesday while Secretary of State Marco Rubio trailed administration plans to cope with energy price spikes.

“We knew that going in would be a factor. Starting tomorrow you will see us rolling out those phases to try to mitigate against that,” said Rubio.

The second straight monthly deterioration in the United States’ trade deficit occurred as US firms boosted imports of computer chips and other tech goods.

The United States trade deficit has widened sharply in December amid a surge in imports, and the goods shortfall in 2025 was the highest on record despite US President Donald Trump’s tariffs on foreign-manufactured merchandise.

The second straight monthly deterioration in the trade deficit reported by the US Commerce Department on Thursday suggested that trade made little or no contribution to gross domestic product (GDP) in the fourth quarter.

Exports rose 6 percent last year, and imports rose nearly 5 percent.

The US deficit in the trade of goods widened 2 percent to a record $1.24 trillion last year as American companies boosted imports of computer chips and other tech goods from Taiwan to support massive investments in artificial intelligence.

Amid continuing tensions with Beijing, the deficit in the goods trade with China plunged nearly 32 percent to $202bn in 2025 on a sharp drop in both exports to and imports from the world’s second-biggest economy. But trade was diverted away from China. The goods gap with Taiwan doubled to $147bn and shot up 44 percent, to $178bn, with Vietnam.

Trump last year unleashed a barrage of tariffs against trading partners with the aim, among other things, of addressing trade imbalances and protecting US industries. But the punitive duties have not yielded a manufacturing renaissance, with factory employment declining by 83,000 jobs from January 2025 through January 2026.

“There just isn’t any evidence out there in the economic research literature to suggest that tariffs have materially impacted trade deficits historically when countries have implemented them,” said Chad Bown, senior fellow at the Peterson Institute for International Economics.

The trade gap ballooned by 32.6 percent to a five-month high of $70.3bn, the Commerce Department’s Bureau of Economic Analysis and the US Census Bureau said. Economists polled by Reuters forecast the trade deficit would contract to $55.5bn.

The report was delayed because of last year’s government shutdown.

Imports increased 3.6 percent to $357.6bn in December. Goods imports surged 3.8 percent to $280.2bn, boosted by a $7bn increase in industrial supplies and materials, mostly non-monetary gold, copper and crude oil. Capital goods imports increased by $5.6bn, lifted by computer accessories and telecommunications equipment. That rise is likely related to the construction of data centres to support artificial intelligence.

But consumer goods imports fell, pulled down by pharmaceutical preparations. There have been large swings in imports of pharmaceutical preparations because of tariffs.

“But strong imports should also imply strength in details like inventories or business investment,” said Veronica Clark, an economist at Citigroup. “Surging computer imports in particular should correspond with stronger business equipment investment and could remain strong due to AI-related demand.”

Exports fell 1.7 percent to $287.3bn in December. But capital goods exports increased, boosted by semiconductors. There were increases in exports of consumer goods, including pharmaceutical preparations.

WASHINGTON — At Immigration and Customs Enforcement detention facilities across the country, detainees go without medicine for serious health conditions, endure miscarriages while shackled and are dying in record numbers, a group of U.S. senators said.

In a letter sent Friday to Homeland Security Secretary Kristi Noem and ICE senior official Todd Lyons, 22 Democratic lawmakers alleged that a “dramatic” surge in deaths in federal immigration custody is a “clear byproduct” of the Trump administration’s mass deportation agenda and rapid expansion of detention.

“Each death in ICE custody is a tragedy and, based on the evidence available from agency records, 911 calls, and medical experts, many could have been prevented if not for this Administration’s decisions,” the senators wrote. The letter, released Tuesday, was led by Illinois Sen. Dick Durbin and signed by California Sen. Alex Padilla.

At least 32 people died in ICE custody in 2025, they asserted. That’s triple the previous year’s total and more deaths than were recorded during the entire Biden administration. ICE has reported seven deaths so far this year, as well as seven in December alone.

In the letter, the senators demanded detailed information about the agency’s death investigations, medical standards and oversight procedures.

The Department of Homeland Security, which oversees ICE, did not respond to the allegations but has repeatedly defended its detention standards. In a statement, ICE said it is “committed to ensuring that all those in custody reside in safe, secure and humane environments,” adding that detainees receive medical, dental and mental health screenings within 12 hours of arrival, full health assessments within 14 days and access to 24-hour emergency care.

The lawmakers’ warning comes amid mounting allegations that detention facility staff have withheld critical medication, delayed emergency responses and failed to provide adequate mental health care.

The agency came under flak recently after a Texas medical examiner ruled the January death of a Cuban immigrant a homicide after witnesses said they saw guards choking him to death.

In Calexico, Calif., Luis Beltrán Yanez-Cruz, 68, died after more than a month in detention, records show; the Honduran national’s family alleged that he repeatedly reported worsening stomach and chest pain but received only pain medication.

The recent rise in deaths coincides with a dramatic expansion of the detention system. Funding for ICE roughly tripled after Congress passed the One Big Beautiful Bill Act. The agency has used the funds to increase detention capacity, holding more than 67,000 people nationwide after reaching a historic high of approximately 73,000, many of whom have no criminal history, the letter says.

Last week, the Trump administration announced $38.3 billion in partnerships with private prison corporations, including GEO Group and CoreCivic, to further scale up detention space. One planned facility near Phoenix will cost $70 million and span the equivalent of seven football fields, according to the lawmakers. ICE has also reopened facilities that were previously shuttered over chronic staffing shortages and medical concerns.

Concerns about conditions have extended to California. Last month, Padilla and Sen. Adam Schiff toured a for-profit detention center in California City after reports of unsafe facilities, inadequate medical care and limited access to attorneys.

“It’s the tragic result of a system failing to meet the most basic duty of care,” Padilla said in a statement, citing reports of mold in food, unclean drinking water and barriers to medical care.

A federal judge recently ordered the administration to provide adequate healthcare and improved access to counsel at the facility, concluding that detainees were likely to “suffer irreparable harm” without court intervention.

In their letter, the senators argued that the rapid growth of the detention system has outpaced oversight and accountability. They cited internal audits documenting violations of detention standards, allegations that ICE failed to pay third-party medical providers for months and analyses of 911 calls from large facilities showing repeated cardiac events, seizures and suicide attempts.

“Rather than accepting responsibility for deaths in government custody and providing detailed facts about the circumstances of each death,” the senators wrote, “the Department of Homeland Security has attempted to smear deceased individuals’ reputations by emphasizing details about their immigration status and their alleged wrongdoing.”

As detention capacity continues to expand, the climbing death tallies underscore the extent to which the Trump administration has overhauled the immigration detention system, and Democrats say the results are fraught.

The opposition party has grown more unified after the fatal shootings of two U.S. citizens by federal agents in Minnesota, which coincided with reports of record high detention deaths in December.

Discord culminated in a partial government shutdown that began Friday when Senate Democrats refused to fund the Department of Homeland Security until the Trump administration agrees to reform at the agency.

The US soldiers will not have a combat role and are to operate under the full command authority of Nigeria’s military.

The United States has sent 100 military personnel to northern Nigeria to train and advise local forces, as deadly threats rise from armed groups such as Boko Haram and ISIL (ISIS)-linked factions.

Samaila Uba, Nigeria’s Defence Headquarters spokesman, confirmed the US troops’ arrival in the northeastern area of Bauchi on Monday.

He said they will provide “technical support” and “intelligence sharing” to help target and defeat “terrorist organisations”. The US also sent “associated equipment” to support the mission.

Uba stressed that the US soldiers will not play a direct combat role, but will share technical expertise under the full command authority of Nigerian forces.

“The armed forces of Nigeria remain fully committed to degrading and defeating terrorist organisations that threaten the country’s sovereignty, national security, and the safety of its citizens,” said the military spokesman in comments carried by Nigeria’s Premium Times newspaper.

Last weekend, gunmen on motorcycles rampaged through three villages in northern Nigeria, killing at least 46 people and abducting many others. The bloodiest attack happened in the village of Konkoso, in Niger State, where at least 38 people were shot dead or had their throats slit.

Protracted fight

The US deployment follows an easing of tensions that flared between Washington and Nigeria late last year, when US President Donald Trump accused the country of failing to stop killings against Christians and threatened to intervene militarily.

The Nigerian government has rejected Trump’s accusation, and analysts say people across all faiths, not just Christians, are victims of armed groups’ violence

In December, US forces launched air strikes on ISIL-affiliated fighters in the country’s northwest. Last month, following discussions with Nigerian authorities in Abuja, the head of US Africa Command confirmed that a small team of US military officers were in Nigeria, focused on intelligence support.

Nigeria is facing a protracted fight with dozens of local armed groups increasingly battling for turf, including the homegrown Boko Haram and its breakaway faction, the ISIL affiliate in West Africa Province (ISWAP).

There is also the ISIL-linked Lakurawa, as well as other “bandit” groups that specialise in kidnapping for ransom and illegal mining.

Recently, the crisis worsened to include other fighters from the neighbouring Sahel region, including the Jama’at Nusrat al-Islam wal-Muslimin, which claimed its first attack on Nigerian soil last year.

Several thousand people in Nigeria have been killed, according to data from the United Nations.

While Christians have been among those targeted, analysts and residents say the majority of victims of the armed groups are Muslims in the Muslim-dominated north, where most attacks occur.

Nigeria’s 240 million people are evenly split between Christians, mainly in the south, ‌and Muslims, mostly in the north.