# South African rand drops to one-month low after US strikes Iran

> The rand fell to a one-month low on Monday after US military action against Iran over the weekend. Oil prices were volatile and investors feared Iranian retaliation could close the Strait of Hormuz.

- Date: 2025-06-23 · published 2025-06-23T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/24501-south-african-rand-drops-to-one-month-low-after-us-strikes-iran
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk-off sentiment and higher crude prices weaken the rand and raise South African freight and energy costs, which feed through to feed ingredient prices.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-02 | [Oil prices jump and shares drop after Trump threatens more Iran strikes](https://feedsoft.ai/events/12922-oil-prices-jump-and-shares-drop-after-trump-threatens-more-iran-strikes.md) | -2.8% | +8.2% |
| BRENT | 2026-04-23 | [South African rand slips as investors seek clarity on stalled US-Iran peace talks \| Reuters](https://feedsoft.ai/events/20003-south-african-rand-slips-as-investors-seek-clarity-on-stalled-us-iran-peace.md) | +12.6% | -0.5% |
| BRENT | 2018-03-09 | [US strikes three Iranian oil tankers after Iran targets US warships](https://feedsoft.ai/events/66178-us-strikes-three-iranian-oil-tankers-after-iran-targets-us-warships.md) | +1.0% | +4.8% |
| BRENT | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +31.0% | +62.6% |
| BRENT | 2026-07-29 | [Oil rises as US-Iran tension escalates after Iraq strikes, missile attack](https://feedsoft.ai/events/18524-oil-rises-as-us-iran-tension-escalates-after-iraq-strikes-missile-attack.md) | -2.3% | +4.3% |
| DXY | 2026-08-24 | [Dollar higher after Iran sanctions, loonie drops after US announces tariff increases \| MarketScreener Canada](https://feedsoft.ai/events/18128-dollar-higher-after-iran-sanctions-loonie-drops-after-us-announces-tariff.md) | +0.6% | +1.1% |
| DXY | 2022-01-25 | [Euro falls to one-month low as Ukraine tensions simmer - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.](https://feedsoft.ai/events/43347-euro-falls-to-one-month-low-as-ukraine-tensions-simmer-sabc-news-breaking-news.md) | +0.3% | -0.4% |
| DXY | 2022-02-24 | [Canadian dollar hits two-month low as Russia invades Ukraine - The Globe and Mail](https://feedsoft.ai/events/42918-canadian-dollar-hits-two-month-low-as-russia-invades-ukraine-the-globe-and-mail.md) | +1.0% | +1.2% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3SQ0EM:0-south-african-rand-drops-to-one-month-low-after-us-strikes-iran/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.