Alarm as Oil Prices Hit New High Worldwide Following Middle East Tensions
The rise now poses as a threat to Kenyan motorists, though the government had promised that the country had enough fuel for the next two months...
✨ Key Highlights
Global oil prices have surged past Ksh 12,900 per barrel due to escalating conflict in Iran, disrupting vital shipping routes and causing widespread economic uncertainty.
- Global oil prices jumped by approximately 30% for crude oil and 26% for Brent crude.
- The US and Israel's conflict with Iran has led to over 10 oil tankers being struck, with one sunk.
- This instability has caused regional stock markets, including Japan's Nikkei 255 and South Korea's KOSPI, to fall significantly.
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Come with Respect - Kindiki Warns Gachagua - March 2026
Deputy President Kithure Kindiki fiercely criticized his predecessor, former DP Rigathi Gachagua, accusing him of political incitement and divisive tactics during a rally in Meru County. Global oil prices have surged past Ksh 12,900 per barrel due to escalating conflict in Iran, disrupting vital shipping routes and causing widespread economic uncertainty. Following deadly floods in Nairobi that claimed 26 lives and displaced 800 households, National Liberal Party (NLP) leader Augustus Muli is demanding a transparent audit of the city's drainage and flood management systems. CNN journalist Larry Madowo has criticized Nigeria for charging Kenyan citizens costly visa fees, highlighting a disparity with Kenya's visa-free policy for Nigerian nationals.
