US-Israel attack on Iran expected to impact oil prices
South Africa must not underestimate the potential negative economic and business implications that could yet unfold for many economies as a result of the United States (US)-Israel attack on Iran.
Prof. Raymond Parsons, economist from the North-West University (NWU) Business School, says although it is still early days in the conflict, it is already evident that travel and tourism in the Middle East have been disrupted, with flights having been cancelled on a large scale.