Concern as Global Oil Prices Surge Ahead of EPRA Review

Anxiety as global oil prices surge ahead of EPRA's monthly review, with renewed tensions in the Middle East threatening fresh pump price hikes for Kenyans...

✨ Key Highlights

Global oil prices have surged by 5%, driven by renewed U.S.-Iran tensions, raising concerns for Kenyan motorists ahead of the Energy Petroleum and Regulatory Authority’s (EPRA) July price review.

Brent crude has climbed back above Ksh9,823 (USD76) a barrel, its highest since June 23.
Key players include the U.S. Central Command and Iran's deputy foreign minister, Vahid Jalalzadeh, alongside EPRA.
The spike follows U.S. military strikes after accusing Iran of attacking commercial vessels in the Strait of Hormuz, a vital oil passage.

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