4 resultsfor “economic effects of rising oil prices in Kenya”
oil. Beyond [ramping up the cost of petrol](https://www.theguardian.com/business/2026/apr/29/gas-prices-hormuz-oil-surge), the effects of the supply shock have cascaded through the global economy, causing inflation to rise and sparking some fears of a looming global
economic disruption across the region, leading to fewer job opportunities. Across the global south [currencies are depreciating](https://www.cgdev.org/blog/will-iran-war-be-breaking-point-vulnerable-countries#:~:text=For%20example%2C%20the%20Egyptian%20pound,over%20around%20$1%20billion%20apiece.), inflation has spiked, and unemployment is rising. "There are so many things that are going
economic fallout caused by the United States and Israel’s assault on Iran, with rising energy prices leading to spiralling costs for businesses, small and large, across the continent. Wainaina works six days a week
Kenya, and Egypt are among the countries most at risk, according to the FAO. In an analysis last month, the World Food Programme said nearly 45 million more people could face acute food shortages