Mahama Worried About Economic Implications of US-Israeli Attack on Iran
President John Dramani Mahama has publicly expressed concerns about the economic implications of the ongoing war between the US and Israel on one side and Iran.
He expressed his sentiments during high-level bilateral talks with Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, at the State House in Arusha as part of his visit to the country.
President Mahama underscored that the region remains central to global energy supplies and cautioned that sustained instability would have far-reaching economic implications, particularly for African economies vulnerable to fluctuations in crude oil prices.
There is currently heightened security in the Middle East as the United States and Israel have jointly launched an attack on Iran.
US President Donald Trump said the joint attacks were aimed at “eliminating imminent threats from the Iranian regime”.
“A short time ago, the US military began a major combat operation in Iran. Our objective is to defend the American people by eliminating threats from the Iranian regime,” he said, according to BBC.
As revenge, Iran is targeting Israeli military bases and numerous Gulf Arab states that host US military assets, including Qatar, Kuwait, the United Arab Emirates and Bahrain.
An end to the war is not in sight, although Iran has committed to negotiations with the US, welcoming it.
Meanwhile, the clash has claimed the life of the Supreme Leader of Iran, Ayatollah Ali Khamenei, who ruled for 36 years.
The evolving situation has resulted in the upward adjustment of oil prices globally due to the shutdown of oil and gas facilities across the region and disruption of shipping in the crucial Strait of Hormuz.
Story by Hajara Fuseini
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