September fuel price shocks loom, CEF figures show
Diesel prices could jump by nearly R3 a litre, according to mid-month data from the Central Energy Fund.
There are indications of fuel price hikes next month.
Mid-month figures from the Central Energy Fund show 93-octane petrol could jump by 66 cents a litre in September.
Ninety-five octane looks likely to climb by 77 cents a litre.
Diesel users could be hit harder.
Prices could surge by as much as R2.90 a litre.
Experts say rising global oil prices and unrest in the Middle East are to blame, even though the rand has held steady against the dollar.
Iran negotiator says Hormuz will not open until US meets demands
Iran's top negotiator Mohammad Bagher Ghalibaf said on Tuesday that the strategic Strait of Hormuz will not be opened until the United States meets Tehran's demands, including lifting a naval blockade.
"I want to state clearly that the Strait of Hormuz will not be opened until the American commitments stipulated in the memorandum of understanding... are implemented," Ghalibaf said in a speech broadcast on state television.
He listed the removal of the blockade, the lifting of oil sanctions and unfreezing of Iran's assets abroad among the demands, which were included in an Iran-US truce in June that later collapsed.
War between Iran and the United States broke out on February 28 after US-Israeli attacks on the Islamic republic, triggering a conflict across the region.
Diplomatic efforts have since April 8 put an end to intense bombardments, but sporadic clashes have persisted, especially in and around the Strait of Hormuz.
Iran has kept control of the strait, a vital global energy conduit, since the war broke out, requiring vessels to seek permission and pay transit service fees -- a move opposed by Washington and several regional countries.
Iran and Oman, both coastal states on Hormuz, have for weeks been discussing the future of navigation through the strait, with Tehran saying the geographical coordinates of the route envisaged by both countries "have been agreed upon".
On Monday, Iran said that talks were "continuing in a serious manner" and views were being exchanged on the text of a "joint statement".
US President Donald Trump threatened to bomb Oman if it "gets in the way" of a deal with Iran on Hormuz, and called for Tehran to surrender in a war that has become a growing political burden at home.
Ghalibaf during his speech said Iran was "ready to inflict an even more crushing defeat on the enemy, proportionate to its actions and advances".
Additional reporting by AFP
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