The Online Kenyan Logo

The Online Kenyan

T
Originally published by The Standard Business
📰 Read Full Article
August 24, 2026
3h ago

Oil falls as Trump pledges economic war on Iran

Oil falls as Trump pledges economic war on Iran

Oil prices fell on Monday as investors braced for details of a US plan to isolate the Iranian economy that President Trump billed as the "most crushing" financial operation ever against Tehran...

✨ Key Highlights

Oil prices declined as President Donald Trump announced a plan for unprecedented economic pressure on Iran. Investors are awaiting further details on this "most crushing" financial operation.

  • Oil prices fell, with both main crude contracts down 2.3 percent.
  • President Donald Trump, alongside US Treasury boss Scott Bessent, is leading the new economic campaign against Iran.
  • Asian stocks were mixed, with South Korea's Kospi down 1.4 percent following Samsung Electronics' announcement of an $80 billion share buyback.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement

Related News

US vows 'economic D-Day' as Iran threatens to halt all oil exports
top9h ago

US vows 'economic D-Day' as Iran threatens to halt all oil exports

The United States has threatened Iran with an "economic D-Day," preparing to implement severe sanctions targeting Iran's trade partners, while Iran has vowed to halt all oil exports if the economic pressure continues.

N
Nation News
📰 Read Full Story
Iran’s FM says Washington’s anti-Tehran economic operation doomed to fail
top1d ago

Iran’s FM says Washington’s anti-Tehran economic operation doomed to fail

Iranian Foreign Minister Seyed Abbas Araghchi stated that the United States' new economic operation against Iran is destined to fail, drawing parallels to previous failed U.S. strategies.

C
Capital News
📰 Read Full Story
Iran defiant on Strait as Trump tells Americans to accept high fuel prices
top1w ago

Iran defiant on Strait as Trump tells Americans to accept high fuel prices

Tensions remain high over the Strait of Hormuz as Iran remains defiant, vowing to control the vital waterway, while U.S. President Donald Trump tells Americans to accept higher fuel prices as the cost of confronting Tehran.

N
Nation News
📰 Read Full Story
Treasury Revises 2027 Economic Growth, Issues Warning on Shilling and Fuel Prices
top1w ago

Treasury Revises 2027 Economic Growth, Issues Warning on Shilling and Fuel Prices

Kenya's economy is projected to grow by 5.1% in 2027, according to a forecast by the National Treasury. This optimistic outlook anticipates a recovery driven by easing external pressures and normalized global supply chains, despite ongoing concerns over fuel prices and currency stability.

K
Kenyans
📰 Read Full Story
Advertisement