Middle East tensions continue to drive oil higher

Tuesday 17 March 2026 – 06:55am

JOHANNESBURG – Oil remains in focus as Iran continues to threaten shipping that wants to transit the Strait of Hormuz.

The price of the black stuff hit $106 per barrel on Monday.

It has since pulled back on news of several vessels passing through the Strait, some said to be with Iranian approval.

We discuss this with Siya Mbatha from Old Mutual Investment Group.