JOHANNESBURG - We might wonder why a conflict in the Middle-East could affect our wallets down at the tip of Africa.
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Following stocks rose and oil prices retreated as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles.
The dollar dipped against the euro and pound, while safe-haven gold declined slightly.
Although, as an oil rich region, the Israel-Iran conflict, could hit motorists hard.
- Raymond Phillips from commodities trader at RMB spoke to eNCA.