WAR SPREADING TO SA'S POCKETS SOON

AS THE war involving Iran, the US and Israel escalates, with recent US and Israeli military actions against Iran followed by Iranian retaliation, global trade and energy markets are feeling the strain - and you will too.

- BY YASMINE JACOBS

GLOBAL IMPACT: War in Iran affects business

South African consumers and businesses should prepare for higher fuel costs, longer delivery times for imported goods, and inflationary pressure on everyday products.

The Strait of Hormuz is a narrow waterway between Iran and Oman and is one of the world’s most critical energy and shipping chokepoints. Around 20 percent of global crude oil ship-

ments pass through this route each day, so when tensions rise there, global markets and supply chains react almost instantly.