International oil prices remained volatile during the week ending on March 12, 2026 as revealed by the Central Bank of Kenya (CBK) in it’s weekly report. CBK said the prices of oil increased from $76.25 (Ksh 9862.94) on March 5, 2026 to $92.13 (Ksh 11917.02) “International oil prices remained volatile during the week with Murban
Iraq has suspended all operations at its strategic oil terminals following attacks on two foreign oil tankers in the port of al-Faw. The assaults involved explosive-laden boats targeting vessels that had recently loaded crude oil at Umm Qasr port in Basra Province. Farhan al-Fartousi, head of Iraq’s General Company for Ports, confirmed the suspension to
China has issued a firm diplomatic warning rejecting any foreign strikes on the newly appointed Supreme Leader of Iran, signaling what officials describe as a red line in an intensifying Middle East conflict sparked by U.S. and Israeli military operations. Beijing’s statement, delivered on March 9 by Foreign Ministry spokesman Guo Jiakun, underscores China’s broader push
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