Oil prices have fallen below $100 a barrel and Asian shares have surged following President Donald Trump's statement that the US will withdraw from Iran in "two to three weeks," irrespective of a deal.

• Brent crude oil for June delivery traded down around 5% at approximately $98.65 a barrel.
• Key figures include President Donald Trump and Iranian President Masoud Pezeshkian.
• The price drop comes after a record 64% jump in March, driven by fears of disruption to the Strait of Hormuz.

A crucial deal between the Kenyan government and Saudi Arabian firm Saudi Aramco to supply cheaper cooking gas has collapsed, delaying plans to expand the country's liquefied petroleum gas (LPG) infrastructure and lower prices.

• The proposed $20 million (Sh2.5 billion) financing package from Saudi Aramco was rejected due to untenable conditionalities, including exclusive supply rights.
• Energy Cabinet Secretary Opiyo Wandayi confirmed the Memorandum of Understanding was not signed due to disagreements over key terms.
• The Kenyan government is now seeking private investors and has identified four local firms for cylinder manufacturing to salvage its LPG expansion program.

South Africa has announced significant fuel price hikes effective midnight, with petrol and diesel set to rise sharply due to escalating global oil prices and a weakening rand.

• Petrol prices will increase by 3.06 rand (approx. $0.18) per liter, and diesel by 7.37 to 7.51 rand per liter.
• The Department of Mineral and Petroleum Resources attributed the increases to a surge in international crude oil prices, driven by tensions between the United States and Iran.
• To offer temporary relief, a 3 rand per liter reduction in the general fuel levy for April has been implemented.