💨 Abstract

The blockade of the Strait of Hormuz by the U.S. military is disrupting global shipping and raising concerns about oil supply. This could lead to higher fuel prices in South Africa, which relies heavily on imported fuel. The Central Energy Fund projects potential increases of 282-320 cents per liter for petrol and 961-964 cents per liter for diesel if current conditions persist.

Courtesy: Garrin Lambley