{"id":46664,"date":"2026-09-28T12:49:44","date_gmt":"2026-09-28T10:49:44","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=46664"},"modified":"2026-09-28T12:49:44","modified_gmt":"2026-09-28T10:49:44","slug":"rand-slips-as-us-iran-stalemate-pushes-oil-prices-higher","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-slips-as-us-iran-stalemate-pushes-oil-prices-higher\/","title":{"rendered":"Rand slips as US, Iran stalemate pushes oil prices higher"},"content":{"rendered":"<div dir=\"auto\">The South African (SA) Rand slipped half a percent in early trade on Monday \u200bas the United States (US) Iran standoff continued to drive oil \u200cprices higher, weighing on risk-sensitive currencies in oil-importing economies.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Rand traded at 16.40 against the \u200bDollar, about 0.5% weaker than its previous \u200bclose.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Oil prices climbed more than 3% on \u2060Monday with Brent crude futures last above $107 a \u200bbarrel, after US President Donald Trump rejected a peace \u200bdeal with Iran to resolve their conflict and reopen the Strait of Hormuz.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA imports most of its fuel, \u200bleaving the economy vulnerable to swings in \u200bglobal oil prices since the Iran conflict began in late \u200cFebruary.<\/div>\n<div dir=\"auto\">&#8220;Volatility \u2060in the rand could be elevated this week as the data calendar is jam-packed with data out of the US, culminating in the US \u200bnon-farm payrolls \u200bon Friday,&#8221; \u2060said Andre Cilliers at TreasuryONE.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">On the Johannesburg Stock Exchange, the Top-40 index tab \u200bfell 1.7% in early trade.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Gold Fields led \u200blosses, \u2060dropping about 13% after Australia&#8217;s Northern Star Resources said it had rejected an unsolicited $27.1 billion \u2060takeover \u200bapproach.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA&#8217;s benchmark 2035 government \u200bbond also weakened, as the yield rose 5.5 basis points to \u200b8.855%.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":34578,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-46664","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand slipped half a percent in early trade on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/46664","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\/46664\/revisions"}],"predecessor-version":[{"id":46665,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/46664\/revisions\/46665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/34578"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=46664"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=46664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}