The article highlights that Iran was South Africa's largest crude oil supplier, referencing military aggression against Iran.
1 report, 1 independent
Updated May 27
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What happened
The article highlights that Iran was South Africa's largest crude oil supplier, referencing military aggression against Iran.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Gwede Mantashe discusses how the US-Israeli war on Iran affects fuel prices and the country's mining and petroleum resources in South Africa.Also in this story
- The Middle East war is driving up oil prices, influencing PPI data and SARB interest rate decisions in South Africa.
- The ongoing war between the US and Iran is causing global oil supply to become erratic.
The entities involved
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South Africa
country in southern Africa
Related events
- The ongoing Iran War is causing disruptions in the Strait of Hormuz, impacting global oil prices, which are subsequently affecting fuel prices in South Africa due to its reliance on OPEC oil.
- US-Iran war strains South African revenue targets while the city of Johannesburg develops an intensive intervention plan.
- South Africa filed a genocide case against Israel at the ICJ, while BRICS challenged US unilateral aggression following airstrikes in Iran.