A peace agreement between the US and Iran could significantly boost South Africa's economy, with economists predicting lower fuel prices, reduced inflation, and less pressure on interest rates. As stability returns to the Middle East, South Africans may finally see relief from rising living costs.

Rand and gold gain as bond yields fall after Trump announces preliminary pact

The US and Iran are set to sign the agreement on Friday, with oil prices already falling off the back of hopes that the Strait of Hormuz will reopen