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Iran war triggers global shockwaves across energy, food and finance systems, analysts warn | SA News

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The US-Israel war on Iran is exposing deep structural vulnerabilities in the global economy, sending shockwaves through energy markets, driving up fertiliser costs and threatening food security in ways that could linger well beyond the immediate crisis, analysts at the World Resources Institute (WRI) have warned. 

At a briefing this week, ahead of the First Transitioning Away from Fossil Fuels (Taff) conference in Santa Marta, Columbia, which got underway on Friday, WRC experts described a cascading crisis unfolding across interconnected systems. 

What began with disruption in oil and gas flows is quickly…

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  1. Fun South African Fact: SA has three capital cities: Pretoria is the Executive Capital, Cape Town the Legislative Capital and Bloemfontein the judicial Capital.