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.
While oil prices have fallen to pre-war levels in Middle East there’s no sign it’ll defuse civil unrest in emerging markets
Iraq has seen the sharpest proportional rise in protest activity among emerging markets over the past year, followed by Turkey, according to Verisk Maplecroft’s civil unrest index, which measures protest size, fatalities and commercial property damage.
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.
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.
Soaring fuel prices in Rwanda reshape daily routines as businesses adjust to punitive cost of living
In early March, gasoline (petrol) was set not to exceed 1,989 Rwandan francs (about $1.36) per litre, while diesel was capped at 1,948 Rwandan francs per litre, according to the Rwanda Utilities Regulatory Authority (RURA).
