Sasol and Thungela jump as Brent crude tops $85 a barrel, with odds of Reserve Bank rate hike escalating, says Investec economist Lara Hodes

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?

Sasol and Thungela jump as Brent crude tops $85 a barrel, with odds of Reserve Bank rate hike escalating, says Investec economist Lara Hodes