US Strikes Southern Iran Amid Ceasefire Talks — Abraham Accords Expansion Demanded

Despite ongoing ceasefire talks, the US military launched strikes on missile sites and mine-laying boats in southern Iran, claiming they were targeting operations in the Strait of Hormuz. Iran retaliated by claiming it shot down a US Reaper drone. President Trump has demanded that Saudi Arabia, Qatar, and Pakistan join the Abraham Accords and normalize relations with Israel as a prerequisite to ending the conflict.

This escalation signals that geopolitical risk is structural, not temporary. The transient drop in oil prices from ceasefire rumors will be wiped out by active hostilities. For Ghana, this means Brent crude is likely to remain highly volatile, hovering close to $100 per barrel. The Bank of Ghana must prepare for a sustained "high inflation, weak cedi" environment by maintaining a hawkish monetary policy. Corporate importers must hedge their foreign exchange exposure, and the state must accelerate domestic alternative fuel projects.