At the height of the conflict, the benchmark's raw frequency price approached US$75 per barrel, raising concerns about the possibility of a reversal of the recent downward trend in fuel prices at local pumps.
Analysts warned that longer instability in the Middle East could put the fuel import economy under pressure from Ghana and elsewhere.
Dr. Yussif Sulemana, technical consultant at the Ministry of Energy and Green Transition and technical director of the Implementation Committee for Gas Processing Systems II, spoke with Citi Business News about the impact on domestic energy prices.
He said the government does not expect an immediate rise in local fuel prices after exhaust. All governments do not want to raise pump prices as this will have a direct impact on inflation numbers. I think it's a great relief and will help the party itself know that no one will win.
After all, there is a lot of destruction in Israel. There have been many destruction in Iran, particularly the talk of the closure of this important street [Horuz]
«As soon as I believed I had a cool head, and the actor learned this was the way, and the price [of crude oil] withdrew from the level related to the war. If that stays, I think our electricity would be good upstream and downstream, he said.