Fuel crisis looms amid Iran war
Kenyans are staring at a petrol shortage crisis beginning the end of this month...
✨ Key Highlights
A looming fuel shortage threatens Kenya and Uganda by the end of March due to global ramifications from the Iran war.
- A major Abu Dhabi National Oil Company (Adnoc) refinery supplying fuel to both nations has been forced to close indefinitely after being hit in the conflict, invoking a force majeure clause.
- The Ministry of Energy and Petroleum, along with fuel importing firms, is in urgent meetings to avert the crisis, with current petrol stocks estimated to last only until March 28.
- Emergency supplies are being sought from India, Oman, and Al-Fujairah, with a vessel expected in early April, but a gap remains between now and then.
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Oil Price Jumps Despite Record Reserve Release Amid Iran War - March 2026
Oil prices surged despite a record release of emergency reserves by International Energy Agency member countries aimed at stabilizing the market following concerns linked to the Iran war. A looming fuel shortage threatens Kenya and Uganda by the end of March due to global ramifications from the Iran war. Kenyan exporters of perishable goods are facing significant financial losses due to shipping route disruptions caused by the conflict between the US and Iran, with extended transit times leading to quality degradation and mounting expenses for key agricultural and meat products. US inflation remained stable at 2.4% in February, a figure recorded before the impact of the US and Israel war in Iran on energy prices.
