Renewed US–Iran conflict rattled oil markets and stoked inflation fears in July, while a hawkish new Federal Reserve chair reshaped rate expectations. In South Africa, Ramaphosa temporarily halted his impeachment inquiry, xenophobic tensions flared, and Eskom hit a near-decade generation milestone. This month's report unpacks the events shaping markets — and what they could mean for investors going forward.

Geopolitical tensions, shifting oil prices, inflation concerns, and key developments in South Africa all made June a month to watch. From renewed uncertainty in the Middle East to changes impacting local markets and the economy, this month's report unpacks the events shaping the investment landscape and what they could mean going forward.

Global uncertainty, shifting geopolitical dynamics, evolving market conditions, and key developments in South Africa continue to shape the investment landscape. Our May 2026 Market Report explores the latest trends influencing equities, interest rates, commodities, infrastructure, and economic growth, providing valuable insights to help investors remain focused on long-term opportunities despite short-term volatility.

Rising U.S.–Iran tensions are shaking global markets, causing oil price volatility, trade disruptions, and fears of a wider humanitarian crisis. Threats to key routes like the Strait of Hormuz and vital infrastructure could drive inflation, slow growth, and increase uncertainty. Despite some diplomatic signals, the situation remains fragile with global implications.