Israeli bombing sends oil soaring, increasing risk for SA’s fuel price and inflation outlook
Fuel prices could rise by as much as 30-50c/l
13 June 2025 - 16:27
An Israeli attack on Iran (https://www.businesslive.co.za/bd/world/middle-east/2025-06-13-benjamin-netanyahu-finally-makes-israels-move-on-iran/) overnight sent oil prices rocketing to $78.50 a barrel early on Friday morning — a jump of 13% — prompting warnings of a July fuel price hike and renewed pressure on inflation.
Concerns are mounting that the incident could trigger a broader conflict in the Middle East — a region central to global oil and gas flows...
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