Middle East conflict
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Mercedes-Benz profits dip as China competition bites, Middle East conflict threatens supply chains
Mercedes-Benz reported a 17% drop in quarterly profit, hit by fierce Chinese competition and growing fears over Middle East supply disruptions.
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Oil plunges, stocks jump as Iran declares Strait of Hormuz open
Oil prices dropped over 10% after Iran declared the Strait of Hormuz open, boosting stock markets and hopes for peace talks.
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Trump says Iran talks could resume within days
US President Donald Trump has indicated peace talks with Tehran could resume this week.
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US-Iran truce shows cracks as war flares in Lebanon
Lebanon declared a national day of mourning on Thursday after Israeli strikes pummelled the country.
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Both sides claim victory after US, Iran agree to 11th-hour truce
The United States and Iran agreed to a two-week ceasefire barely an hour before President Donald Trump’s Wednesday deadline to obliterate the country was set to expire.
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Trump warns ‘whole civilization will die’ in Iran if ultimatum expires
US President Donald Trump warned “a whole civilization will die” in Iran if the country does not open the Strait of Hormuz
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Pain at the pumps set to intensify as May could bring further R10 per litre diesel hike
South Africans are bracing for potentially devastating fuel price increases in May, with diesel prices set to rise by more than R10 per litre.
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Africa faces growth slowdown from Middle East conflict
The Middle East conflict threatens Africa’s economy, increasing living costs, affecting growth, and disrupting trade and food security.
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FUEL PRICE CRISIS | The great fuel buffer
The National Treasury reduced the General Fuel Levy by R3 to alleviate consumer pressure from rising oil prices, costing R6 billion monthly.
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Trump announces destruction of Iran’s tallest bridge
US President Donald Trump said Thursday the tallest bridge in Iran had been destroyed, hours after threatening to bomb the country “back to the Stone Ages.”
