Mail & Guardian
Mail & Guardian
global oil supplylatest news & developments
Fuel has become one of the largest monthly expense items for many households.
GLOBAL OIL SUPPLY

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

  • Hasina Kathrada
6 min read
Bracing: Finance Minister Enoch Godongwana has warned that if the conflict is not resolved soon, it could have serious implications for South Africa. Photo: Delwyn Verasamy
AMERICAN MILITARY BASES

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…

  • Hasina Kathrada
7 min read
Iranian ambassador Mansour Shakib Mehr. (X)
AMERICAN MILITARY BASES

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’

  • Hasina Kathrada
4 min read