After a week of strong recovery, South African markets face renewed uncertainty due to tensions in the Strait of Hormuz, impacting oil prices and economic stability.
After a week of strong recovery on global and domestic markets, market sentiment turned sour last week after renewed attacks by Iran and the US on military and other targets, especially in the Strait of Hormuz.
Brent crude jumped rapidly as transit traffic slowed or halted.
Natural gas costs surged sharply due to targeted strikes on regional production and export facilities.
The blockaded Gulf shipments constrained essential agricultural inputs, squeezing global food supplies.
