Скачать или смотреть Middle East Conflict | Sifiso Skenjana weighs in on economic implications

Motorists can expect to pay more at the fuel pump this month as prices are set to increase from tomorrow amid rising geopolitical tensions in the Middle East.

Saudi Arabia has suspended some operations at one of the Middle East's biggest refineries after it came under attack. Also, attacks on shipping and the closure of the Straits of Hormuz have sparked sharp rises in the prices of oil and gas.

The Strait of Hormuz is a strategically vital waterway that connects the Persian Gulf to the Gulf of Oman, serving as a crucial passage for global oil and liquefied natural gas exports.

To look at what the conflict means for the global economy, we are now joined by an economist and Managing Director of ESG Analytics, Sifiso Skenjana.

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