Home Business Kenya’s forex reserves hit a record high as global oil shocks loom. [File Courtesy] The Central Bank of Kenya (CBK) has disclosed that the country’s foreign exchange reserves stand at a record $14.02 billion (Sh1.82 trillion), providing six months of import cover as the escalating Iran war threatens to unleash a fresh wave […]
As Kenya braces for Iran war fallout, CBK forex reserves hit Sh1.82t Read More »
Marco Rubio sat down with G7 foreign ministers and told them privately that the war with Iran could continue another two to four weeks, handing Washington’s closest allies and the market a countdown. Reports noted that Rubio publicly said the operation should conclude in “weeks, not months,” and the gap between those two framings captures
Inflation could be driven into the mid-sixes as early as June, economists predict, as soaring oil prices caused by the Middle East conflict triggersa price hike ripple-effect across commercial enterprises. Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Mina Al Fajer, United Arab Emirates, Wednesday, March 11, 2026.
Aussie Households Brace for Economic Strain as Alarming Inflation Rate Looms Read More »
Key Points Oil prices have surged to more than $100 a barrel this year. Exxon could have thrived at $65 oil over the next five years. 10 stocks we like better than ExxonMobil › Oil prices have gone hyperbolic this year. Brent oil, the global benchmark price, started the year at around $60 a barrel.
The 1 Number That Tells You Everything About ExxonMobil Right Now Read More »
Bitcoin fell back toward $65,000 on Friday as investors cut exposure to risk assets after another round of Middle East tensions kept oil prices elevated, pushed Treasury yields to their highest levels in months, and lifted the dollar. According to CryptoSlate’s data, BTC dumped nearly 5% to around $66,484, its lowest price since the beginning
The United States Postal Service is planning to introduce its first-ever surcharge on package deliveries to offset surging fuel costs. The proposal, approved by the USPS Board of Governors on Tuesday, is an 8 percent increase that would apply to Priority Mail Express, Priority Mail, USPS Ground Advantage and Parcel Select, according to a USPS
Post office set to add 8% surcharge on packages in first-ever fuel fee Read More »
Blackrock CEO Larry Fink warns surging oil prices tied to geopolitical tensions could tip the global economy into a steep recession, while contrasting scenarios highlight how energy markets may determine inflation, growth and investor sentiment. Oil Shock Threatens Global Economy Outlook Mounting geopolitical strain and energy volatility are raising recession concerns as Blackrock CEO Larry
Blackrock CEO Warns of Global Recession Risk if Oil Hits $150 Read More »
An attendant updates the fuel prices at a gasoline station in Cubao, Quezon City on March 17, 2026, following a staggered hike in prices of oil companies nationwide due to the Middle East conflict. The STAR / Miguel de Guzman MANILA, Philippines (Updated 10:42 a.m.) — Oil companies have implemented a double-digit increase in diesel
Double-digit fuel hike: Diesel, kerosene prices climb again Read More »
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Skyrocketing prices. Hours-long security lines. Safety worries after another fatal incident.Driving the news: A partial government shutdown plus an oil price spike from President Trump’s Iran war are fueling a spring of hell for air travelers.Airline executives are warning of higher fares as Iran effectively blocks the Strait of Hormuz… https://www.axios.com/2026/03/23/travel-delays-shutdown-security-airfare-prices
Welcome to the spring of travel hell Read More »
