Global Oil Supply
latest news & developments
SA exposed as Middle East conflict pushes oil above $100
Surging oil prices linked to the Middle East conflict are exposing South Africa’s dependence on imported fuel, raising concerns about reserves, inflation and economic growth
Mideast war: Treasury rallies to cushion blow
As Iranian conflict rattles oil markets and raises economic risks for South Africa, Finance Minister Enoch Godongwana is building a scenario plan to assess the implications for…
Iran’s envoy in South Africa defends retaliatory attacks on US bases in the Middle East
Ambassador Mansour Shakib Mehr said Tehran’s actions ‘are directed at military bases used against us’