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Iran-Israel-US Conflict Puts Kenyan Shilling Under Pressure

As of March 3, 2026, the escalating conflict involving Iran, Israel, and the United States has shifted from distant tension to direct economic risk for Kenya. Analysts now warn that over Sh700 billion in Gulf trade faces disruption. Consequently, the Kenyan Shilling (KES) is experiencing renewed depreciation pressure. Energy Shock Drives Dollar Demand Strait of […]
International News

Global Oil Prices Surge After Ras Tanura Strike

Global oil markets rallied sharply on March 2, 2026, after a drone strike hit Saudi Arabia’s Ras Tanura refinery. The attack targeted one of the world’s most critical energy hubs. Consequently, Brent crude futures jumped as Middle East tensions escalated. Ras Tanura processes about 550,000 barrels per day. Following the strike, authorities ordered a precautionary […]