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Story summary
- Kenya faces higher pump prices as benchmark crude climbs above $100 per barrel amid U.S.-Iran conflict.
- The Energy and Petroleum Regulatory Authority will review Kenya’s fuel tariffs on September 14, reflecting the price surge.
- Vitol CEO Russell Hardy warned global fuel markets remain tight and inflexible, citing 2 million-barrel daily losses from Iran and Russia.
- U.S. diesel inventories stayed 10-14% below the five-year average, keeping balances tight.
