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?

Oil prices surge as U.S.-Iran tensions escalate, with Brent reaching $85.72 and WTI at $79.98 per barrel.

Renewed conflict between the United States and Iran has reignited fears over global oil supplies, with analysts warning crude prices could remain elevated through 2027.

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…