Oil prices experienced volatile trading following US President Donald Trump's strong threats to attack Iran's critical infrastructure if ships are not allowed to transit the Strait of Hormuz.

• Trump threatened to target power plants and bridges in Iran by Tuesday, demanding the "free traffic of oil."
• Key players include US President Donald Trump and Iranian leadership.
• Disruptions to the Strait of Hormuz, through which a fifth of the world's energy shipments pass, have already impacted global energy prices and raised inflation concerns.

Global oil prices have surged ahead of a crucial deadline set by US President Donald Trump concerning Iran's opening of the Strait of Hormuz shipping route.

• Global benchmark Brent crude rose 1.4% to $111.33 a barrel.
• President Trump threatened action against Iran if a deal was not reached by Tuesday.
• Disruptions in the Strait of Hormuz, through which about a fifth of the world's oil and gas shipments pass, are raising global inflation concerns.

Kenya has rejected a 60,000-tonne cargo of super petrol, preventing a potential Sh14/litre price increase for consumers. The rejection was ordered by Energy and Petroleum Cabinet Secretary Opiyo Wandayi.

• The rejected consignment was priced at Sh198,000 per metric tonne, significantly higher than the Sh140,000 per metric tonne under the government's G-to-G arrangement.
• The cargo was sourced by One Petroleum Ltd outside the established framework.
• CS Wandayi directed oil marketing firms not to pay the invoices for this shipment.