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Why ongoing crisis could dwarf oil shocks of the 70s
Fuel prices displayed at two petrol stations in Eldoret City, Uasin Gishu County, on April 15, 2026, after the Energy and Petroleum Regulatory Authority (Epra) announced a price increase.
A rise in the price of petrol at the pump and costly fertilisers are just the beginning in the wake of the Iran war.
The loss of some 20 percent of the world’s energy supplies has already been called the “greatest global energy security threat in history” by the International Energy Agency.
