Murban crude Oil prices was reported by the Central Bank of Kenya to have decreased to USD 69.00 from USD 74.41 a week prior (week ending 25th June 2026). The fall of 7.3% was attributed to weakening of geopolitical concerns following a preliminary no war agreement between US and Iran by CBK. Iran had raised
US President Donald Trump has declared that no tolls will be charged for ships passing through the Strait of Hormuz during the ongoing 60-day ceasefire period with Iran. Trump announced on Saturday, June 20, through a social media post, just hours after Iran announced the closure of the strategic waterway, one of the world’s most
Iran has announced the closure of the Strait of Hormuz, a key global shipping route, despite ongoing efforts to hold peace talks with the administration of US President Donald Trump. The decision was announced on Saturday, June 20, 2026, by Iran’s Khatam al-Anbiya Central Headquarters, the country’s joint military command. Iranian media reported that the
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