International Monetary Fund warns that price increases for food and energy from wars remain high for longer than expected, causing lasting affordability problems.
South Africa has paid R56.3-billion more for fuel since the Iran war closed the Strait of Hormuz, exposing the country’s energy vulnerabilities.
Six months into Middle East war, Strait of Hormuz remains largely paralysed with thousands of sailors stranded and traffic drastically reduced.
Trump warns Iran will be hit hard if Hormuz strait remains closed, though deal could come within days.
The US warned it is ‘more than capable’ of restarting war with Iran, as Trump insisted any peace deal must bar Tehran from ever developing nuclear weapons.
US House Democrats introduced six articles of impeachment against Pentagon chief Pete Hegseth, accusing him of high crimes including waging war on Iran without congressional approval.