Global markets recovered after renewed United States and Iran tensions rattled investors, but experts warned South Africa remains exposed to higher oil prices, inflation and rand weakness if the conflict escalates.

Oil prices surged as the United States conducted airstrikes and revoked waivers for Iran. Asian stocks remained largely unchanged while investors assessed the geopolitical…

Renewed military action between the United States and Iran pushed oil prices sharply higher, weighed on global equities and placed investors back into risk off mode.