{"id":33764,"date":"2026-05-05T12:55:24","date_gmt":"2026-05-05T10:55:24","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=33764"},"modified":"2026-05-05T12:55:24","modified_gmt":"2026-05-05T10:55:24","slug":"rand-trades-around-one-week-low-as-us-iran-hostilities-ramp-up","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-trades-around-one-week-low-as-us-iran-hostilities-ramp-up\/","title":{"rendered":"Rand trades around one week low as US, Iran hostilities ramp up"},"content":{"rendered":"<div dir=\"auto\">The South African (SA) Rand was range-bound in early trade on \u200bTuesday as fresh United States (US) and Iranian \u200cstrikes in the Gulf tested a fragile truce and weighed on risk appetite.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Rand traded at \u200b16.80 against the Dollar , hovering around \u2060its weakest level since April \u200b29.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The US and Iran launched new attacks \u200bin the Gulf on Monday as they wrestled for control over the Strait of Hormuz \u200bwith duelling maritime blockades.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Oil prices eased \u200b1% on Tuesday after climbing by as much \u200cas \u20606% in the previous session.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA is a net importer of petroleum products and is heavily exposed to \u200bfluctuations in \u200bglobal \u2060energy prices.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Africa&#8217;s largest economy last week extended fuel tax cuts \u200bfor May and June to \u200bcushion \u2060the impact of the war on households.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA&#8217;s benchmark 2035 government bond was \u2060weaker \u200bin early deals, \u200bas the yield rose 11.5 basis points to \u200b8.895%.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-33764","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand was range-bound in early trade on \u200bTuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33764\/revisions"}],"predecessor-version":[{"id":33765,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33764\/revisions\/33765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13745"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=33764"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=33764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}