Middle East supply risks affecting South Africa's energy sector
Cooling off: 0 in the last 7 days
Updated oct 24
The latest in this situation
- Supply risk in the Middle East is building, increasing oil premiums.
- Treasury stabilized budget and debt while dealing with oil shock from the Iran war.
- Wakelin criticized the growth forecast as Treasury delivered MTBPS amid conflict toll.
- Barbara Creecy prioritizes fixing RAF finances and refuses to request a fuel levy increase despite Middle East fuel price rises.
- SA National Treasury withdraws funds to stabilize fuel prices amid Middle East conflict fallout.
How it started
Gwede Mantashe discusses how the US-Israeli war on Iran affects fuel prices and the country's mining and petroleum resources in South Africa.
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What happened
Gwede Mantashe discusses how the US-Israeli war on Iran affects fuel prices and the country's mining and petroleum resources in South Africa.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The article highlights that Iran was South Africa's largest crude oil supplier, referencing military aggression against Iran.Sub-event
- Gwede Mantashe, the relevant minister, contributes to South African mining production.Sub-event
- The Middle East war is driving up oil prices, influencing PPI data and SARB interest rate decisions in South Africa.Sub-event
- The ongoing war between the US and Iran is causing global oil supply to become erratic.Sub-event
South African official details how the Iran conflict impacts the country's fuel and resource sectors.1 source
Keep exploring
The entities involved
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South Africa
country in southern Africa
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Gwede Mantashe
South African politician
Nothing else this week.
Related events
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