- Gwede Mantashe discusses how the US-Israeli war on Iran affects fuel prices and the country's mining and petroleum resources in South Africa.
- The Middle East war is driving up oil prices, influencing PPI data and SARB interest rate decisions in South Africa.
Driven by Middle East tensions, the South African Reserve Bank is facing pressure to raise interest rates due to rising oil prices and inflation.
1 report, 1 independent
Updated Jul 21
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What happened
Driven by Middle East tensions, the South African Reserve Bank is facing pressure to raise interest rates due to rising oil prices and inflation.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The Middle East war is driving up oil prices, influencing PPI data and SARB interest rate decisions in South Africa.Also in this story
- South Africa tables budget measures to counter oil price volatility amid ongoing geopolitical tensions in the Middle East.
- SARB reports national saving rate as Middle East conflict continues to spiral costs.
- Escalation of hostilities between Iran and Israel is causing economic outlook impacts, prompting the South African Reserve Bank to react.
- The Middle East war is impacting fuel prices, prompting the South African Reserve Bank to commission a survey by the Bureau for Economic Research.
The entities involved
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South African Reserve Bank
central bank
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Geopolitical risks are causing disruptions to global commodity prices due to pipeline attacks, forcing reliance on waterways in the Red Sea.
- Both the FED and the European Central Bank raised rates due to inflation, while attacks on Middle Eastern vessels drove oil price risk and impacted metal stocks.
- Fighting and sanctions risk are impacting oil supply and raising inflation worries globally.
- Global markets are reacting to infrastructure attacks and geopolitical tensions, leading to concerns over oil supply and the Fed's inflation guidance.
- Geopolitical risks are affecting oil prices and supply, leading to rising energy costs and influencing the European Central Bank's interest rate decisions.