US lifts sanctions on some Iranian oil as energy prices soar
Treasury Secretary Scott Bessent announced the issuing of a narrowly tailored, short-term authorisation permitting the sale of Iranian oil currently stranded at sea. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The US has issued a temporary license to sell some Iranian oil, a policy reversal aimed at mitigating the impact of the ongoing war on energy markets. This authorization allows for the sale of approximately 140 million barrels of Iranian oil currently at sea.
- The license is valid until April 19.
- Treasury Secretary Scott Bessent announced the authorization.
- Experts suggest the move may have limited impact on prices and could potentially benefit the Iranian regime.
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World Bank Bans EY Kenya, PwC Over Fraud as Kenya Seeks Sh16bn for Land Reform - March 2026
Ernst & Young (EY) Kenya and PwC's arms in Kenya, Rwanda, and Mauritius have confessed to fraudulent and corrupt practices, leading to World Bank bans. This comes as Kenya seeks Sh16 billion ($125 million) from the World Bank to digitise its land registries and combat rampant land fraud, which has attracted warnings from the US. Meanwhile, Mhasibu DT SACCO is seeking over Sh480.6 million from Kenya Union of Savings and Credit Co-operatives (KUSCCO) for a fixed deposit that matured in January 2024 but remains unpaid. Separately, the US has issued a temporary license to sell approximately 140 million barrels of Iranian oil currently at sea, a policy reversal aimed at mitigating the impact of the ongoing war on energy markets.
