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.
