Ron Bousso | Oil's long view darkens as Iran war refuses to end
Eight months into the war, the buffers that helped absorb the initial energy shock – most notably onshore crude oil stockpiles – are wearing dangerously thin, says Ron Busso.
News
Follow to see every story about this in your feed.
2 697 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Showing matches from News24 Business. Clear
Eight months into the war, the buffers that helped absorb the initial energy shock – most notably onshore crude oil stockpiles – are wearing dangerously thin, says Ron Busso.
The rand slumped after data showed US consumer prices rose more than expected last month, reinforcing expectations the Federal Reserve may raise interest rates as soon as this month.