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Oil Prices Increase Amid Closure of Strait of Hormuz
Zipporah Odionyi March 19, 2026

International oil prices remained high in the week ending on March 18, 2026. In it’s weekly bulletin, the Central Bank of Kenya (CBK) said the increase was due to the closure of the Strait of Hormuz. CBK said the prices of Murban crude oil rose from $92.13 ( Ksh 11935.44) per barrel on March 12

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A photo collage of US President Donald Trump and Iran Supreme Leader
World News
How the Trump–Iran Tensions Drove Oil Prices This Week
Blake Otieno February 6, 2026

Tension between US President Donald Trump and Iran greatly affected the global oil prices during the week ending on February 6, 2026. Central Bank of Kenya (CBK) said the prices of murban oil increased from $68.46 (Ksh 8831.65) per barrel on January 29 to $68.50 (Ksh 8836.82) per barrel. “International oil prices increased marginally ahead

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