Kenya Airways has reported a 72% increase in fuel costs, attributing this rise to the ongoing Middle East conflict. This surge mirrors broader oil price increases driven by geopolitical tensions in the region. Jet fuel prices in Africa climbed to approximately $211 per barrel in late March, intensifying operational pressures on airlines. The Kenyan flag carrier had previously disclosed holding roughly 56 days of jet fuel reserves. Market indicators showed a 14% probability of crude oil reaching a new all-time high by December 31.
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