South Africa Halts Fuel Levy Hike Amid Global Oil Price Surge
South Africa suspends fuel levy hike to ease consumer strain amid global oil price surge, with relief lasting until May 2026.
Global Oil Crisis
Zambia Halts Fuel Taxes to Ease Economic Strain Amid Global Oil Crisis
Zambia suspends fuel taxes for three months to counter rising global oil prices linked to Middle East tensions, aiming to stabilize households and businesses.
US Weighs Kharg Island Move Amid Iran Strait Tensions
As tensions escalate, the US considers occupying Iran’s Kharg Island to reopen the Strait of Hormuz, risking global oil market instability. Latest updates on the strategic gambit.