Global oil prices have plunged and stock markets have surged following a conditional two-week ceasefire agreement between the United States and Iran, which includes the reopening of the vital Strait of Hormuz.

• Brent crude fell by approximately 15.9% to $92.30 a barrel.
• Key figures involved include President Trump and Iranian Foreign Minister Abbas Araghchi.
• The agreement was reached after weeks of disrupted energy supplies and tensions following airstrikes.

Airlines worldwide are implementing emergency measures, including cutting flights and increasing fares, in response to a surge in jet fuel prices stemming from the US-Israeli conflict with Iran.

• European jet fuel prices hit an all-time high of $1,838 per tonne, more than double the pre-war price.
• Airlines like Air India and Air New Zealand are reducing services and adjusting surcharges.
• Analysts warn of further ticket price hikes and flight cancellations, particularly as Middle Eastern oil supplies, crucial for aviation fuel, are disrupted.

Drivers in parts of Baringo County are experiencing a diesel shortage, with reports linking the supply chain disruptions to ongoing tensions in the Middle East.

• Numerous petrol stations in areas like Kabarnet Town and Marigat have run out of diesel, forcing motorists to seek limited supplies or buy in bulk using jerrycans.
• Matatu operators are particularly affected, facing difficulties accessing fuel for routes to Nakuru, Eldoret, and Marigat.
• Despite local shortages, Energy Cabinet Secretary Opiyo Wandayi stated that the country has adequate fuel stocks, with the Kenya Pipeline Company holding significant reserves and confirmed deliveries for the April fuel cycle.