Strait of Hormuz crisis: Why fuel prices in Kenya could rise as global oil stocks plunge
This story has significance for readers across Kenya and beyond.
Kenyan motorists and businesses face a fresh risk of higher fuel prices as disruptions around the Strait of Hormuz tighten global oil supplies, push up refined petroleum costs and rapidly deplete inventories. The warning comes as the latest oil markets report shows that global observed oil stocks plunged by 69 million barrels in July, while […]
Reporting originally appeared via People Daily. Read the full source for additional context.