Kenyans may soon see lower fuel prices as global crude oil costs have dropped by over 12% following a ceasefire agreement involving Iran, the United States, and Israel.

• Murban crude oil prices fell by approximately Ksh1,319 per barrel, from Ksh10,961 to Ksh9,642.
• The Central Bank of Kenya (CBK) reported the decline in its latest weekly bulletin.
• The reopening of the Strait of Hormuz, a critical oil shipping route, contributed to easing geopolitical tensions and fears of supply disruptions.