Experts Predict When Fuel Prices Will Drop
Kenya's G-to-G deal is among the first to benefit from ships from the Gulf nations, set to be among the first to use the contested route and take the shortest time to the region...
✨ Key Highlights
Kenya anticipates potential relief from high fuel prices following Iran's agreement to reopen the Strait of Hormuz under a U.S.-brokered ceasefire deal. This significant development eases concerns over global oil supply disruptions.
- The Strait of Hormuz, a critical energy corridor, handles approximately 20% of global crude oil supplies.
- The reopening is particularly beneficial for Kenya's government-to-government fuel program, which relies on supplies from nations like Saudi Arabia and the United Arab Emirates.
- Pakistan Prime Minister Shehbaz Sharif announced the electronic signing of the "historic Islamabad Memorandum of Understanding" between the United States and Iran.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
Treasury Defends Economic Resilience Amid Shilling Gains - June 2026
Kenya's National Treasury has defended the nation's economic resilience and debt strategy before the Senate, attributing its performance to ongoing public finance reforms. The Kenya Shilling is expected to strengthen further as Kenyan traders increasingly utilize the Chinese yuan over the U.S. dollar in trade with China. Kenya anticipates potential relief from high fuel prices following Iran's agreement to reopen the Strait of Hormuz under a U.S.-brokered ceasefire deal, easing concerns over global oil supply disruptions.
