The US has temporarily eased sanctions on Russian oil for vessels already at sea, aiming to stabilize global energy markets amid the ongoing conflict with Iran. This measure is in response to escalating tensions in the Gulf and disruptions to vital shipping routes.

• The authorization allows the purchase of sanctioned Russian oil and petroleum loaded on vessels at sea, lasting until April 11.
• US Treasury Secretary Scott Bessent stated it's a temporary measure to "promote stability in global energy markets."
• Attacks on shipping in the Gulf have driven oil prices back above $100 a barrel, prompting actions like the International Energy Agency's commitment to release 400 million barrels of oil.

The International Energy Agency (IEA) reports the global oil market is experiencing its largest supply disruption ever due to the escalating Middle East conflict.

• Estimated 8 mb/d drop in global oil supply for March.
• Key organization: International Energy Agency (IEA).
• IEA member countries agreed to release an unprecedented 400 million barrels from emergency reserves.

Kenya's agricultural exports, particularly meat, are facing significant disruption due to the ongoing conflict in the Middle East, potentially costing the country up to Sh1.2 billion monthly.

• Kenya ships approximately Sh300 million worth of meat and animal products weekly to the Middle East, including Iran.
• The conflict has led to the suspension of cargo flights and disrupted transportation routes through the Red Sea, impacting trade flows.
• Kenya's Agriculture Cabinet Secretary, Mutahi Kagwe, is actively exploring new markets and assessing the situation to mitigate potential losses for farmers.