Vitol Group has strengthened its control over East Africa’s fuel supplies amid the Iran crisis, according to a Bloomberg investigation. The conflict has disrupted shipments through the Strait of Hormuz, prompting several African countries to seek alternative supply sources. The International Energy Agency has warned of significant risks to oil products bound for Africa, with the region facing a potential shortfall of 1.8 million barrels per day this quarter. These developments have contributed to a tighter regional refined-fuel market and heightened pricing pressure on import-dependent East African economies.
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