Oil prices continue to retreat as diplomatic progress between the US and Iran calms markets, but weak manufacturing data highlights ongoing challenges for the South African economy.

South Africans receive good news as fuel prices drop significantly in July, thanks to declining global oil prices and improved supply outlooks from recent US-Iran agreements.

Brent crude traded at $72.32 per barrel on Wednesday morning as shipping activity through the Straitz of Hormuz…

Supply worries have further been eased as traffic volume in Strait of Hormuz continues to increase