Disruption to shipping routes linked to the Iran war has left about eight million kilograms of tea stuck in warehouses in Kenya’s port city of Mombasa for weeks, threatening export earnings and farmer incomes, the head of the East Africa Tea Traders Association said. George Omuga, managing director of the association that runs the Mombasa […]
US President Donald Trump said the US will be done with its war in Iran “within maybe two weeks, maybe a couple of days longer to do the job. But we want to knock out every single thing they have.” Despite repeatedly listing four or five objectives for the war, Trump said he “had one […]
The US has authorised countries to buy sanctioned Russian oil and petroleum that is currently loaded on vessels at sea in an attempt to curb the economic impact of the US-Israel war with Iran. US Treasury Secretary Scott Bessent said it was a temporary measure to “promote stability in global energy markets” during the war. […]
Oil prices continued to rise on Thursday despite major countries agreeing to release a record amount of oil from their emergency reserves as they try to curb the impact of the Iran war. Brent crude rose by almost 9% to top $100 ($74.79) a barrel in Asia trading even after all 32 members of the International […]
Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies, before falling to around $70 by the end of the year, the Energy Information Administration said on Tuesday in a monthly report. Oil shipments have been largely blocked from using the Strait of […]
