US-Israeli war against Iran: "Diesel is expected to rise R8 per litre"
About this episode
The episode discusses the ongoing US-Israeli war against Iran and its implications on oil prices.
East Coast Radio’s chief news editor, says the US Israeli war against Iran is only temporarily suspended and questions whether the ceasefire will last. He notes that optimism on Friday after messages suggesting Iran had opened the Strait of Hormuz and President Donald Trump thanking them reversed over the weekend, with renewed threats to close the strait and Trump warning he could destroy Iran’s power infrastructure. Brent crude is trading around $95 a barrel, implying petrol could rise about R2.50 in May, though a possible continued R3 levy reduction could keep petrol flat; diesel is expected to rise about R8 per litre, or about R5 if the levy continues. Webpage
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