Iran and US reach an initial deal to end the war and open the Strait of Hormuz but challenges remain

Oil, trade, global prices — it all runs through the Strait of Hormuz. Reports say Iran and the US have an initial deal to end hostilities and reopen the waterway. But can it hold?  Dr Kingsley Makhubela joins Mondli to unpack what a deal means for SA’s fuel price, inflation, and global risk. The ceasefire might be step one… the hard part comes next.See omnystudio.com/listener for privacy information.