Trump tells Americans to brace for higher fuel prices after unrepentant Iran told Washington to accept defeat
Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the US. He told Iranian news outlet Shahrara News in an interview published on Saturday that Washington must meet conditions on the strait in order for shipping to resume in the waterway that handled one-fifth of the world’s oil before the war.
What looks like ‘forever war’ in Middle East raises fears that the world oil stocks are not big enough to weather another six months of conflict
The head of Saudi Aramco believes the world has lost 2.6 billion barrels of oil since the start of the war, making it the largest supply disruption ever in cumulative terms apart from the 1979 Iranian revolution, according to Reuters calculations. That amounts to a massive 25 days of global consumption based on pre-war global oil demand of 103 million barrels per day.
How Iran’s war with US and Israel is pushing some 23.4 million Nigerian children into monetary poverty
Children relapsing into malnutrition has become an increasingly common occurrence in the state and across northern Nigeria, according to local health and aid workers, who cite knock-on effects from the Iran war.
Why US-Israel war with Iran is a boon to Iraq: Oil majors say it is ‘fantastic potential from a resource perspective’
Jake Spiering, a Chevron president of corporate business development, told the Chamber event that his company will be investing in a pipeline to avoid the Strait of Hormuz and create another export route out of Iraq. Such a pipeline could transport Iraqi oil to the west coast of Syria which is on the Mediterranean Sea.
Oil agency report clears fears of petroleum contamination of oil wells in Kenya’s South Lokichar Basin in the north
Energy and Petroleum Regulatory Authority (EPRA) has announced that laboratory analysis of soil and water samples from the South Lokichar Oil Basin shows no evidence of petroleum contamination following its latest environmental monitoring exercise. The findings were shared during a meeting between Governor Jeremiah Lomorukai and a delegation from EPRA...
Disruption of oil supplies via Strait of Hormuz drives Africa-China think-tank to twaak energy cooperation
Erastus Mwencha, former deputy chairperson of the AU Commission and current chairperson of the Board of Equity Bank Kenya, said China and Africa should advance clean energy generation and reduce overdependence on hydrocarbons by leveraging existing cooperation frameworks.
Temporary reprieve: Public transport strike over steep rise of fuel prices in Kenya suspended
Negotiations on Monday, the first day of the strike, failed to reach an agreement despite the government agreeing to lower the diesel price by about 10 shillings a litre. Transport operators had sought a deeper 46-shilling-per-litre reduction in the price of diesel, the main fuel they use.
Schools and state functions in Africa stall in wake of Iran war despite continent’s rich oil resources
Across Africa, from north to south and from east to west, the war waged by the US and Israel on Iran is wreaking havoc, bringing to life the old cliché, “When elephants fight, it is the grass that suffers.”
Transport paralysed, five people killed by police as Kenya braces for violent election season ahead
Kenya’s fuel prices hit a record high on Friday, with the diesel price increasing by 23.5 per cent and gasoline by 8 per cent. The government attributed the previous price increase to the Iran war and its effects on energy supplies, but it reduced taxes to lessen the shock for consumers.
Iran war ripple effect: How fuel scarcity and sky-high cost are giving a flip to electric bikes uptake in Nyanza and western Kenya
Several companies, including Spiro Kenya, Roam Electric, Ampersand and Ecobodaa are rapidly expanding businesses around the country by establishing battery-swapping stations and introducing financing programmes specifically tailored for boda riders.
