South Africa’s fuel supply and the Iran war: data black holes and low strategic stock put the country at risk

The Conversation | 28.05.2026 20:46
The supply of crude oil to the world had been reduced by about 7.5% to 10.1% by March 2026 in what the World Bank described as the largest oil market disruption in history. The fall was a result of the attacks on Iran by Israel and the US and the subsequent closure of the Strait of Hormuz.