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Strait Of Hormuz

The Strait of Hormuz is a narrow waterway separating the Persian Gulf from the Gulf of Oman and the Arabian Sea. It lies between Iran to the north and the United Arab Emirates and Oman to the south. At its narrowest point, the strait is approximately 33 km wide, making it one of the world's most strategically important maritime chokepoints. The waterway serves as the primary shipping route for oil and gas exports from Persian Gulf producers, including Saudi Arabia, Iraq, the United Arab Emirates, Kuwait and Iran. An estimated one-fifth to one-third of the world's seaborne oil passes through the strait, making it critical to global energy security. Disruptions or threats to shipping in the Strait of Hormuz can trigger volatility in international oil markets and affect commodity prices worldwide. The strait has been the site of geopolitical tensions, particularly involving Iran, which has periodically threatened to close or restrict passage in response to international sanctions or military pressure. Naval forces from multiple countries, including the United States, patrol the waters to ensure freedom of navigation. The strategic significance of the Strait of Hormuz extends beyond energy to encompass global trade, as disruptions would affect supply chains for minerals, metals and other commodities shipped from the region. Its role as a critical transit point has made it a focal point in discussions of energy diversification and supply-chain resilience.

Strait Of Hormuz Updates


The Dangote oil refinery
Dangote refinery can be global jet fuel supplier, CEO says
3rd June 2026 By: Reuters

Nigeria's 650 000 bbl/d Dangote oil refinery has a large surplus of jet fuel and can supply the product all over the world, CE David Bird said on Tuesday. With demand on the African continent lower... 


Photo of Terence Creamer
Big and small pictures
29th May 2026 By: Terence Creamer

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... 


IEA executive director Fatih Birol
Countries prioritising domestic energy options amid ‘largest-ever energy security crisis’
28th May 2026 By: Terence Creamer

Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA)  is describing as... 


Reserve Bank Governor Lesetja Kganyago
South Africa poised for first rate hike since 2023 on Iran war
28th May 2026 By: Bloomberg

South Africa’s central bank is set to raise borrowing costs for the first time in three years as policymakers seek to combat inflationary pressures stemming from the Iran war, including sharply... 


BlackRock sees merit in large-scale mining M&A
27th May 2026 By: Reuters

BlackRock would back consolidation among large miners because it would open the sector to generalist investors at a scale that would make it easier to bring on large and complex projects needed for... 


Rand currency
South African rand steady as traders eye Middle East tensions
27th May 2026 By: Reuters

The South African rand was steady in early trade on Wednesday as traders cautiously assessed geopolitical developments after Iran accused the United States of violating a fragile ceasefire by... 


Inflation impact likely in emerging markets owing to US-Iran war – BMI
26th May 2026 By: Schalk Burger

Financial market research company BMI expects oil prices to average $90/bbl this year, and to remain higher for longer, which will, in turn, feed into rising inflation. This will lead to pressure... 


Aluminium bars
Warning lights flash as aluminium reels from Gulf shock
25th May 2026 By: Reuters

The Iran war is shaping up to be one of the biggest supply shocks in the history of the aluminium market. Gulf production of the metal, which is used across sectors as diverse as transport,... 


IEA executive director Fatih Birol
IEA chief warns commercial oil inventories are depleting rapidly, only weeks left
18th May 2026 By: Reuters

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... 


A pumpjack in Texas, in the US
Oil touches two-week high after drone attack on UAE nuclear power plant
18th May 2026 By: Reuters

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... 


World Bank warns largest energy price surge in four years will drive inflation
15th May 2026 By: Schalk Burger

Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity... 


Photo of Terence Creamer
Don’t waste the crisis
15th May 2026 By: Terence Creamer

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,... 


S&P expects sub-Saharan Africa’s growth to remain stable despite global headwinds
13th May 2026 By: Schalk Burger

While global growth is expected to slow to 2.4% for the year, down from the previously projected 2.9%, growth in sub-Saharan Africa is still expected to reach 4.1% this year and 3.8% in 2027,... 


A pumpjack
Global oil supply to plunge below demand this year on Iran war, IEA says
13th May 2026 By: Reuters

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency (IEA) said in its monthly oil market report on... 


Dominic Goncalves
Opinion: Will the Hormuz crisis further delay South Africa’s gas-to-power plans?
8th May 2026

In this article, Naviara Energy founder and director and Cresco Project Finance energy strategy advisory partner Dominic Goncalves writes that South Africa's planned gas-to-power are unlikely to be... 


An oil tanker at sea
Oil prices jump on renewed US-Iran hostilities
8th May 2026 By: Reuters

Oil prices rose about 1% on Friday after renewed fighting broke out between the US and Iran, threatening a shaky ceasefire and dashing hopes for progress on a reopening of the Strait of Hormuz, a... 


Diesel graphic
Diesel over R30 a litre in SA
8th May 2026

South Africans woke up to record-high fuel prices on May 6, 2026. A litre of diesel (50ppm) costs R31.38. It is the first time ever the price has gone over R30. A litre of 95 Octane in Gauteng... 


Graph indicating the pace of insolvencies at global and regional level
Sustained Middle East conflict could push global insolvencies up by 10% this year
5th May 2026 By: Schalk Burger

Global business insolvencies are set to rise by 6% this year, on the back of a 6% rise in 2025, which would result in the fifth consecutive year of growing insolvencies, before plateauing at a high... 


Indonesia coal heaps
Iran war gives small boost to thermal coal, further gains possible - columnist
5th May 2026 By: Reuters

Seaborne thermal coal prices in Asia rallied in the wake of the US and Israeli war against Iran, but the gains are modest and nowhere near the size seen during the crisis created by Russia's... 


People buying vegetables at a market
Kganyago wary of CPI yet guarded on rate outlook
5th May 2026 By: Bloomberg

South Africa’s central bank Governor Lesetja Kganyago said policymakers will “very carefully” monitor incoming data to guide their next rate decision, as the Iran war clouds the inflation outlook... 


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