💨 Abstract

The ongoing disruption in the Strait of Hormuz due to a U.S.-enforced blockade is causing global energy market instability, affecting South Africa's fuel prices. The Strait, crucial for 20% of global oil and gas shipments, faces unpredictable shipping activity and increased insurance premiums. Brent crude prices have fluctuated above $100 per barrel.

Courtesy: Garrin Lambley