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The South African government has adjusted the wholesale diesel price for May to 5.27 rand per liter from 6.19 rand previously.

2026-05-05

The South African government has adjusted the wholesale diesel price for May to 5.27 rand per liter from 6.19 rand previously.

Other News
2026-05-05

Chairman of the Joint Chiefs of Staff, General Kane: 1,550 ships are stuck in the Persian Gulf.

Chairman of the Joint Chiefs of Staff, General Kane: 1,550 ships are stuck in the Persian Gulf.
2026-05-05

Situation in the Strait of Hormuz: 1. Iran denies any merchant ships or oil tankers transited the strait. 2. British maritime authorities reported that three ships were attacked near the Strait of Hormuz on Monday. 3. Iranian media: Multiple ships

Situation in the Strait of Hormuz: 1. Iran denies any merchant ships or oil tankers transited the strait. 2. British maritime authorities reported that three ships were attacked near the Strait of Hormuz on Monday. 3. Iranian media: Multiple ships caught fire at a port in southern Iran; cause unknown. 4. US Central Command Commander: Iran used missiles to strike merchant ships and US warships. 5. Maersk: Ships flying the US flag transited the Strait of Hormuz under US escort. 6. A spokesperson for the Iranian Revolutionary Guard stated that ships violating regulations in the Strait of Hormuz "will be forcibly intercepted." 7. Trump called on South Korea to join the Strait of Hormuz operation; according to South Korean media Newsis: South Korea is reviewing domestic laws to join Trump's Hormuz plan. 8. According to Iran's Mizan News Agency: A senior Iranian security source stated that Iran's message is clear: if the Americans attempt to advance in the Strait of Hormuz, they will become targets. 9. U.S. Central Command Commander General Brad Cooper: The current priority is to get ships out of the Strait of Hormuz, and then gradually consider allowing ships to enter the Strait of Hormuz. Other: 1. Bessant: The oil market supply will be very ample. 2. Indonesia plans to impose export tariffs and windfall profits taxes on coal and nickel to alleviate the burden of subsidies. 3. The UAE suffers its first attack since the temporary ceasefire between the U.S. and Iran; three people are injured in the Fujairah oil industrial zone.
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