Oil prices have risen above $100 again following the collapse of US-Iran peace talks over the weekend, alongside the announcement of a US-imposed naval blockade of the Strait of Hormuz. This has seen the rand weaken by around 1% in response.
On the economic calendar, the only notable release this week comes from the Eurozone, where CPI (YoY) is due on Thursday. Economists expect no change, with inflation holding at 2.5%.
