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South Africa's Fuel Crisis Exposes a Deeper Problem No Tax Cut Can Fix
Over the past two months, petrol prices have surged by R6.29 per litre and diesel by a staggering R12.60 per litre, a direct consequence of chaos in global oil markets triggered by the US-Iran war that erupted on 28 February 2026. The conflict's most economically damaging consequence has been the closure of the Strait of Hormuz (the narrow waterway through which 20% of the world's oil supply normally flows).
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africa.businessinsider.com
War-driven fuel surge threatens South Africa’s economy, forces growth downgrade
South Africa’s economy faces renewed pressure after the IIF downgraded growth forecasts, warning that rising oil prices and Middle East tensions could push inflation higher and…
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businessday.ng
South Africa’s inflation climbs to 20-month high as Iran war drives fuel shock - Businessday NG
South Africa’s inflation climbed to a 20-month high in April as the Iran conflict pushed fuel and transport costs sharply higher across...
