With oil prices surging above $85 a barrel due to escalating US-Iran tensions, South African consumers face potential fuel price hikes. What does this mean for the local economy?

Fuel price relief could slow in August as rising oil prices driven by renewed Middle East tensions erode petrol over-recoveries and push diesel costs higher.

PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of…

Oil prices climbed as renewed US-Iran attacks raised concerns over Strait of Hormuz and Red Sea supplies, pushing Brent above $85 a barrel.

Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the…