Kenya’s record fuel hike is the trigger consumers needed to inflame muted anger as Middle East crisis bites – analysts
On Tuesday, the country’s energy regulator raised the prices of super petrol and diesel by record margins of Ksh28.69 (about $0.22) per litre and Ksh40.3 per litre, respectively. The effects were immediate. In the public transport sector, operators, commonly known as matatus, raised fares by about 25 percent overnight.
Tanzanian government weighs possibility raising prices as Middle East crisis persists
Tanzanian Prime Minister Mwigulu Nchemba said on Sunday that the government is undertaking a comprehensive assessment of rising fuel prices, emphasising a cautious approach to avoid hasty decisions that could worsen the situation. Speaking to residents in the Chamwino District of the Dodoma Region, Nchemba said the ongoing evaluation is...
Sticking points for US-Iran talks: ‘Chances of renewed tensions outweigh prospects for a real diplomatic breakthrough’
US President Donald Trump on Thursday threatened Iran to stop the tolling. A day earlier, he told ABC News that he is considering a “joint venture” with Iran to charge fees for crossing the Strait, and wrote on social media that “big money” could be made by the United States “helping with the traffic build-up in the Strait of Hormuz.”
Pakistan tables last minute proposal to avert further US-Iran hostilities as Trump’s deadline for Tehran to reopen Strait of Hormuz looms
On Sunday, the United States, Iran, and regional intermediaries were reportedly holding talks centred on a 45-day pause in hostilities, the first stage of a broader two-phase agreement that may bring the conflict to a temporary close.
Rift deepens in Kenya’s Dock Workers Union as court ousts secretary general, orders forensic audit of union accounts
On the suspension of officials, including Deputy Secretary General Sulman Owuor and his co-claimants, the court found that although the National Executive Committee (NEC) had the power to suspend, due process was not followed.
‘A whole civilisation will die tonight, never to be brought back again,’ Trump warns Iran
Trump threatened to destroy all of Iran’s power plants and bridges if Tehran does not allow traffic to fully resume in the strait, through which a fifth of the world’s oil transits in peacetime. Iran’s president said 14 million people, including himself, have volunteered to fight.
US President Trump’s war escalation warning pushes Asian stocks down aand oil prices sharply higher
rump again urged US allies to “build up some delayed courage” and take the lead in reopening the Strait of Hormuz, suggesting Washington may end the US-Israeli war with Iran without reopening the crucial global energy waterway, whose prolonged closure has fuelled a global energy shock and sent oil and gas prices sharply higher.
Turkana deputy governor calls for local skills development in readiness for nascent oil industry
Turkana Deputy Governor John Erus has appealed for urgent investment in skills development to prepare local youth for employment opportunities expected from renewed oil and gas exploration in South Lokichar basin. Speaking when he hosted a delegation from Swisscontact, Dr Erus said the county must begin addressing workforce requirements of...
Group of Seven nations considers release of reserves as oil prices soar highest since 2022 at more than $119 a barrel on Iran war
Monday’s prices compare with all-time highs of around $147 a barrel for the contracts in 2008, according to LSEG data going back to the 1980s. The premium of front-month loading Brent contracts over contracts for delivery in six months’ time surged to an all-time high on Monday of almost $36, according to LSEG data going back to 2004.
