Oil Prices Fall and US Stock Futures Climb as Markets React to US-Iran Conflict

Oil prices fell on Sunday as investors reacted to continued uncertainty about the war in Iran. Futures on the S&P 500 rose slightly during the same period. U.S. stocks settled mixed on Friday, with the S&P 500 settling at a fresh record high level during the session.

27 on Friday. 44 on Friday, according to Benzinga. Fuel prices in South Africa are set to increase in May.

Food producers' use of fuel and fertiliser in South Africa is affected by the US-Iran war. The US-Iran war impacts food prices in South Africa. Opportunistic 'rocket and feather' pricing by processors or retailers in some staples continued in South Africa, even when producer prices fell or stabilised, according to Daily Maverick.

Maverick Citizen tracked prices of 14 basic food items that can be bought with the R370 Social Relief of Distress grant. 86. The increase in the food basket between March and April was mainly due to rice and cabbage, costing R10 and R5 more respectively.

The food basket is R53 more expensive than the R370 SRD grant. Pietermaritzburg Economic Justice and Dignity's Household Affordability Index tracks 44 basic food items. 66 since March.

99. 8% of black South Africans live below the upper-bound poverty line of R2,486 a month, according to Pietermaritzburg Economic Justice and Dignity. Bhungane Zibi is a 58-year-old freelance journalist and SRD grant recipient from Mthatha.

Bhungane Zibi recently started a Facebook page 'Living the R370 life'. Due to bank charges, Bhungane Zibi does not get the full SRD grant amount every month, Zibi stated.