Falling oil drags Sasol down with it
Analysts believe concerns over the Strait of Hormuz may be overstated
24 June 2025 - 19:52
Sasol shares dropped the most in five years on Tuesday, with oil prices falling further as investors assessed the conflict in the Middle East.
After an initial rise of 3% following US air strikes on Iranian nuclear sites on Monday, oil prices retreated sharply amid hopes for a ceasefire between Israel and Iran, only to face renewed uncertainty as the fragile truce collapsed on Tuesday morning...
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