Middle East conflict
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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.”
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Oil companies accused of making war profits from Middle East conflict
Oil companies in the EU have earned over €80 million daily in excess profits since the Middle East war began, according to Greenpeace.
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Fuel levy relief cushions price shock, but critics cite late action and funding concerns
The government reduced the fuel levy by R3 per litre to mitigate price increases, but criticism arose over timing and funding concerns.
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Wave of US-Israeli strikes targets Iran bases, religious site and cancer drug plant
Iranian media reports that a wave of US-Israeli strikes hit military bases, a religious site and a cancer drug plant.
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Fuel levy to be cut by R3 per litre, but the pain is yet to come
South Africa will reduce the fuel levy by R3 per litre in April to alleviate rising fuel prices due to the Iran conflict.
