Ceasefire relief – but not resolution: What the US–Iran truce means for South Africa
By Eamonn Ryan
The recent ceasefire between the US and Iran has delivered a welcome – if fragile – sense of relief to global markets. After weeks of extreme volatility, oil prices have fallen sharply, easing immediate pressure on fuel-importing economies like South Africa. But while the headlines suggest stability, the reality is more complex: this was always likely to be a temporary pause, not a lasting solution.
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