Benchmark Brent crude remained above $109, equivalent to Sh14,161 per barrel, on Tuesday as renewed attacks on energy facilities in Russia and Ukraine deepened concerns over global oil supplies.
Ukrainian officials said the latest strikes knocked out power for roughly 550,000 households and damaged more than ten energy sites.
The attacks followed Ukrainian raids on Russian oil infrastructure, including a major terminal in St Peterburg, highlighting the growing threat to energy assets on both sides of the conflict.
Tensions in the Middle East persist, with Iran asserting control over the Strait of Hormuz and reports of attacks on commercial vessels, while Saudi‑backed Houthi militants in Yemen have exchanged strikes with Iranian forces.
U.S. Energy Secretary Chris Wright said Persian Gulf oil shipments have recovered to about 80 % of pre‑war levels, although deliveries of refined petroleum products remain limited.
The Trump administration has authorised the sale of sanctioned oil tankers, a fleet of roughly 1,600 vessels, to legally transport crude and ease shipping bottlenecks.
Traders warned that any further attacks could disrupt production, exports or shipping routes, keeping prices elevated despite signs of supply recovery.
For oil‑importing economies such as Kenya, sustained high crude prices are likely to raise the cost of fuel imports, increasing pressure on foreign‑exchange reserves.
Higher international oil prices also tend to flow through to domestic pump prices, transport costs and the prices of goods and services, affecting households and businesses.
Analysts note that the balance between recovering supplies and fresh disruptions will remain a key driver of oil prices in the near term.
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