Business
ECB raises key interest rate to 2.5% amid Middle East energy shocks
Rising Brent crude prices above $100 per barrel have prompted the European Central Bank to hike rates to combat a potential wage-price spiral.
Topic
Brent crude oil
World
US military hits Iran for 13th consecutive night amid shipping tensions
Brent crude oil prices rose above 100 U.S. Dollars per barrel as the U.S. implemented a naval blockade following attacks on commercial tankers in the region.
Business
South African rand weakens as Middle East tensions rattle global markets
Heightened geopolitical instability in the Middle East is driving investors away from emerging markets, placing severe inflationary pressure on the South African economy.