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Israel-Iran Strikes Test Fragile Middle East Diplomacy

The latest exchange of strikes between Israel and Iran has raised fresh concerns about instability in the Middle East, highlighting the fragile state of regional ceasefires and the challenges facing ongoing diplomatic efforts. The confrontation began after Iran launched missiles at Israel, describing the attack as retaliation for Israeli operations in Beirut. Israel responded by carrying out air strikes inside Iran, marking the first direct attack on Iranian territory since a ceasefire between the two countries was reached in April. The escalation unfolded despite public calls from US President Donald Trump urging Israeli Prime Minister Benjamin Netanyahu to avoid further military action. The episode has renewed questions about Washington's ability to influence Israeli decision-making during a period of heightened regional tensions. Following the missile exchange, Trump said he had contacted Netanyahu and encouraged restraint. However, Israeli military operations proceeded shortly […]

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Mahama Warns Ghana Could Feel Oil Price Shock from Israel–Iran Conflict

President John Dramani Mahama has cautioned that escalating military exchanges between Israel and Iran are already lifting global crude oil prices, posing a real threat to Ghana's economic recovery and domestic fuel affordability. 1. Global Oil Prices on the Upswing The recent missile attacks have triggered a noticeable uptick in Brent and WTI crude prices—by over 7–10%, the most significant jump since the 2022 Ukraine crisis. Market fears center on potential supply disruptions in the Strait of Hormuz and broader Middle East energy infrastructure. 2. Ghana Is Not Immune Despite being a crude oil producer, Ghana remains a net importer of refined petroleum. Mahama warned that surging global oil rates could reverse recent economic gains and impact domestic fuel prices. 3. Ministerial Directives Issued Recognizing the urgency, Mahama has ordered the Ministers of Finance and Energy to: Model the conflict’s […]

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