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Iran war drives oil above $100, raising inflation risks for South Africa | SA News

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South Africa’s economic outlook is facing renewed uncertainty as the widening war involving Iran, Israel and the United States begins to ripple through global energy markets, raising concerns about fuel prices, inflation and the timing of potential interest rate cuts.

Oil markets reacted sharply as the conflict intensified. Brent crude surged past $100 a barrel for the first time in years, briefly approaching $120 as traders responded to fears that the war could disrupt energy supplies across the Middle East.

The spike underscores how quickly geopolitical shocks can reshape economic assumptions for…

Parliament: South Africa has a bicameral parliament, consisting of the National
Assembly and the National Council of Provinces.

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