Strait of Hormuz crisis: Why fuel prices in Kenya could rise as global oil stocks plunge
Kenyan motorists and businesses face a fresh risk of higher fuel prices as disruptions around the Strait of Hormuz tighten global oil supplies, push up refined petroleum costs and rapidly deplete inventories. The warning comes as the latest oil markets report shows that global observed oil stocks plunged by 69 million barrels in July, while […]
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Also reported by 1 other outlet
- Oil: Hormuz risk supports prices – Commerzbank fxstreet.com
