<\/p>\n
South Africa is seeking alternate suppliers of fuel as disruptions to imports from the Middle East pose the biggest threat to the nation from the war on Iran.<\/p>\n
President Cyril Ramaphosa\u2019s government is in talks to find more supply options after the conflict reduced traffic from the critical Strait of Hormuz to a trickle, Minister of Mineral and Petroleum Resources Gwede Mantashe said at a conference in Cape Town on Monday.<\/p>\n<\/p>\n
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\u201cFor refined products we rely on the Middle East,\u201d he said, adding that disruption to fuel shipments are the \u201cbiggest threat\u201d to the country.<\/p>\n
Read: Saudis give oil buyers Red Sea option due to Hormuz crisis
Oil fluctuates as traders gauge supply impact of Kharg attack
Markets hold their ground as oil risks rise<\/p>\n
South Africa has lost half its refining capacity in the past few years as plants closed because of accidents and a lack of investment.<\/p>\n
Oman, Bahrain and United Arab Emirates are among South Africa\u2019s top diesel suppliers as its share of imports grows.<\/p>\n
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Mantashe reiterated an earlier warning by the department that regulated prices will surge at the end of the month.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n
#South #Africa #seeks #fuel #suppliers<\/p>\n","protected":false},"excerpt":{"rendered":"
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