Government Monitoring Middle East Tensions Amid Fuel Price Concerns

The Department of Mineral and Petroleum Resources says it remains hopeful that ongoing tensions in the Middle East will de-escalate, a development that could help stabilise global oil markets. The conflict is affecting shipping through the Strait of Hormuz, a vital route that carries roughly one-fifth of the world’s oil exports. This has raised concerns about higher petrol and diesel prices in South Africa from April. Department spokesperson Lerato Ntsoko […]