Business & Economy3 stories from 2 sources
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 responds to escalating tensions in the Gulf and disruptions to vital shipping routes. The International Energy Agency reports the global oil market is experiencing its largest supply disruption in history due to the escalating Middle East conflict. Meanwhile, Kenya's agricultural exports, particularly meat, face significant disruption from the ongoing Middle East conflict, potentially costing the country up to Sh1.2 billion monthly.