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[QUOTE="Queen, post: 87550, member: 27"]
Ghana's hard-won single-digit inflation could get wrecked if Middle East oil disruptions keep spiraling out of control.

The economic domino effect
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[*]William Brafu-Insaidoo flagged fuel and transport costs spiking first.
[*]Pricier shipping means everyday essential goods get more expensive.
[*]Cost-push inflation is the technical term for this kind of mess.
[*]Ghana's recent macro wins are on the line here.
[/LIST]
Strait of Hormuz context
[LIST]
[*]Iran shut down the Strait after U.S. and Israeli strikes hit.
[*]Nearly a third of seaborne oil moves through that chokepoint.
[*]Revolutionary Guards confirmed that zero vessels are getting through.
[*]Liquefied natural gas shipments are choked off there as well.
[/LIST]
Military escalation recap
[LIST]
[*]Benjamin Netanyahu claimed Israel leveled Ali Khamenei's compound.
[*]U.S. and Israeli forces had targeted Iranian leadership and military assets.
[*]Iran fired back with missiles and drones at Israel and U.S. bases.
[/LIST]
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