Middle East conflict
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Rising fuel prices set to drive up food and transport costs
Consumers may face significantly higher grocery bills and living costs from April, as anticipated fuel price increases threaten to trigger a wave of price hikes.
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Oil plunges, stocks rally as Trump says war to end ‘very soon’
Crude oil prices dropped sharply as Trump announced the Middle East war could end soon, boosting equity markets amidst ongoing volatility.
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Asian markets plunge as oil soars 30% on Middle East crisis
Asian stock markets plummeted amid a 30% surge in oil prices due to escalating Middle East conflicts, prompting investor concerns about inflation and economic stability.
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Fearful African migrants warily work on through Gulf missile strikes
When blasts rolled across Dubai as air defences intercepted Iranian missiles overhead, Marion Kuria froze as a tremor ran through her building.
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Water emerges as a dangerous new war target
Attacks on water systems are uncommon in wartime, but they have appeared in the war in the Middle East with strikes on desalination plants – critical infrastructure for millions of…
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IEA chief says plenty of oil in market despite Middle East conflict
The International Energy Agency reassures there’s plenty of oil despite Middle East conflicts, urging renewable energy focus and caution against relying on Russia.
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Middle East conflict disrupts Western Cape agriculture and trade
Western Cape exporters face logistical disruptions and rising costs due to the Middle East crisis, impacting agriculture and freight routes significantly.
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Middle East conflict escalates as Israel launches fresh strikes on Tehran
Israel launched a large-scale wave of strikes against infrastructure across Tehran on Thursday morning, as the war in the Middle East continued to intensify with multiple fronts opening across the…
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Strikes hit US embassy in Riyadh as Middle East conflict escalates
The Middle East conflict escalated on Tuesday as fresh strikes were reported across the region, including Israeli bombardment on Lebanon and a drone attack on the United States embassy in…
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Middle East conflict exposes costly price of South Africa’s Iran alignment
Following the launch of Operation Midnight Fury on 28 February, escalating conflict in the Middle East has triggered global market turbulence with immediate consequences for South Africa.
