Oil spikes to six-month high, here’s what it means for SA

PUBLISHED: Tue, 23 Apr 2019 10:54:07 GMT

As oil prices hit a six month high, yesterday the United States government ended all waivers on Iranian oil exports. This has resulted in a halt for a key revenue source for the Islamic state as well as a sharp hike in crude oil prices. Tsitsi Hatendi-Matika, Head of Retail Investment Specialist at Absa’s Wealth and Investment Management joins CNBC Africa for more.

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