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Oil prices rose after Iran declined to meet U.S. envoys, increasing tensions and weakening prospects for a ceasefire. The move comes after earlier price drops tied to reduced conflict.

June 20, 2026 Iniulat ng AI

Global crude oil prices fell more than 12 percent this week, prompting expectations of possible relief at Kenyan fuel pumps in the coming weeks. The decline followed a preliminary ceasefire agreement between the United States and Iran. Kenya imports most of its petroleum and remains sensitive to movements in international markets.

Oil companies raised gasoline and diesel prices on May 19 while lowering kerosene rates, citing renewed geopolitical risks in the Middle East. The Department of Energy set maximum adjustments to stabilize the market.

May 16, 2026 Iniulat ng AI

Long-term government bond yields and Brent crude prices have moved close to levels that could trigger broader market stress. Current readings show the US 30-year Treasury yield at 5.109% and Brent crude near $108.54. Bitcoin traded near $78,000 as markets assessed the risks.

Building on last week's surge past $100, crude oil prices crossed $110 per barrel on April 29 for an eighth straight session. The rally intensified on reports of possible U.S. plans to extend the naval blockade on Iranian ports, heightening fears of prolonged Middle East supply disruptions via the Strait of Hormuz.

April 16, 2026 Iniulat ng AI

Crude oil prices dipped on April 17 as tensions in the Middle East eased following a ceasefire between Israel and Lebanon. President Trump indicated that a deal with Iran was close, after a 10-day truce removed a key obstacle to negotiations. Experts expect ongoing volatility but supported prices.