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US President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a 14-point interim agreement on June 18 to end their war and reopen the Strait of Hormuz, which had been closed for more than three months. Oil prices fell to three-month lows as tankers carrying about 85-million to 93-million barrels of stranded crude began moving through the strait, with analysts expecting further pressure on Middle East crude markets and a gradual recovery in traffic over four to six months.
Israel continues Lebanon operations despite ceasefireIsraeli Defence Minister Israel Katz says the military will remain in security zones in Lebanon, Syria and Gaza indefinitely to protect the border and Israeli settlements, raising questions about whether the US-Iran peace agreement will hold. The fate of Iran's nuclear programme will be addressed in later talks during a 60-day ceasefire period, while E4 nations including the UK, France, Germany and Italy have said they are prepared to lift sanctions on Iran in response to steps on its nuclear programme.
Israel Updates
Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns....
India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is...
Oil prices fell on Friday on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz following the signing of the US-Iran interim peace...
Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the...
Oil prices slipped to a three-month low on Monday after US President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic...
In the annals of public procurement, few projects rival one that cost £290-million, resulted in the relocation of just four unwanted immigrants to a faraway country and survived three Prime...
South Africa posted its largest current-account surplus in four years in the first quarter as the value of gold exports surged and imports dropped. The balance on the current account — the broadest...
Iron-ore is the one major commodity that is sailing unaffected through the storm created by the US/Israeli war on Iran, but the relative calm masks shifting dynamics for the key steel raw...
Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47% to...
Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the US military carrying out strikes near the Strait of Hormuz, as diplomacy between...
Much has been written in recent weeks about the geopolitical factors now driving the energy transition. Particular attention has been given to how the attack on Iran by the US and Israel, which...
South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The...
Chinese firms are accelerating the pace at which they propose new coal-fired power plants, even as the government moves to rein in growth after the rapid expansion in recent years. Companies...
South African inflation accelerated sharply in April, increasing the likelihood that the central bank will hike interest rates when it meets to assess its monetary policy stance next week. Headline...
South Africa's Valterra Platinum has managed to maintain healthy inventory levels of critical operational inputs, such as diesel and lubricants, despite uncertainty created by the US-Israeli war on...
Fatih Birol, head of the International Energy Agency, said on Monday that commercial oil inventories were depleting rapidly with only a few weeks' worth left due to the Iran war and the closure of...
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald...
South Africa is experiencing its third energy crisis of this decade. While electricity loadshedding has been a threat for far longer, the most extreme phase was definitely during 2022 and 2023,...
In the first quarter of 2026, South Africa’s unemployment rate rose to 32.7% from 31.4% in Q4 of 2025, according to data from Statistics South Africa.
Goldman Sachs expects South Africa to raise interest rates twice this year after previously seeing a series of cuts, as the Iran war fans inflation risks around the world. The bank forecasts...
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