# South Africa could face steep fuel price hikes as Middle Eastern tensions soar. Global oil prices surged following Israel’s strikes on Iran, and US bombings of Iranian nuclear sites. Analysts from Oilprice.com warn prices may shot up if Iran retaliates by closing the strategic international trade route, the Strait of Hormuz. Although most of South Africa’s oil is imported from Nigeria and Saudi Arabia, the lower overall supply, weakened rand and disrupted supply chains will impact prices broadly.
Escalation of Middle East conflict could spike SA fuel prices