Fuel prices could rise again! here's how the Middle East Crisis could Affect every South African🚨🚨

Renewed tensions in the Middle East have driven oil prices higher, raising concerns that South Africa could face higher fuel prices, a weaker rand, and rising inflation. Since South Africa imports most of its oil, any disruption to global supply—especially through the Strait of Hormuz—could increase the cost of fuel, transport, food, and other everyday goods.Investment experts also warn that rising inflation may lead the South African Reserve Bank to increase interest rates, making loans and bond repayments more expensive. While fuel prices are only adjusted monthly, motorists could start feeling the impact in August and September if global oil prices remain elevated.Become a supporter of this podcast: https://www.spreaker.com/podcast/unfiltered-world--7023386/support.