Iranian Foreign Minister Abbas Araghchi made the proposal while speaking to reporters at the United Nations in New York, saying Tehran had sent the plan to the US through Qatar. He said the reopening of the key waterway would depend on the necessary conditions being met.
By Maureen KinyanjuiIranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that Tehran had communicated its demands to Washington through intermediaries and would not return to the position that existed before the earlier negotiations.
By David AbonyoThe pipeline is a crucial part of Saudi Arabia’s oil network because it allows the country to transport crude towards the Red Sea without sending it through the Strait of Hormuz.
By Bradley BosireThe President made the remarks while travelling to Texas for the Republican Party's first-ever midterm election convention, with control of Congress at stake in the November 3 polls.
By Maureen KinyanjuiBoth sides suggested on Saturday that discussions were progressing, but a timeline on any deal being finalised remained unclear. Oman's foreign ministry warned against attacks on shipping that could hamper that.
By Samuel OtienoAccording to reports, the proposed agreement under discussion would establish a 60-day arrangement guaranteeing safe passage through the Strait of Hormuz between Iran and Oman. The temporary framework would not require shipping companies to pay transit tolls and could be extended if both sides agree
By Chrispho OwuorAccording to the US Central Command (Centcom), the latest operation began at 17:00 ET (22:00 BST) on Sunday and targeted dozens of Iranian military installations.
By David AbonyoIn a statement issued on Monday, Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi said Kenya viewed the agreement as a significant step towards regional and global stability.
By David AbonyoThe Chairperson of the Commission, Mahmoud Ali Youssouf, expressed “deep concern over the renewed escalation in the Gulf region,” pointing to recent attacks attributed to Iran targeting neighbouring states such as the United Arab Emirates.
By Chrispho OwuorBrent crude rose by 5.4% to $95.27 (£70.62) a barrel, while the US benchmark West Texas Intermediate climbed 5.9% to $88.79, reflecting sharp investor reactions to fresh disruptions in the Middle East.
By David AbonyoU.S. President Donald Trump confirmed the temporary suspension of attacks on Iran, saying it would last two weeks to allow negotiations to be finalized, provided Tehran guarantees safe passage through the Strait of Hormuz, a key route for global oil shipments.
By David AbonyoThe sharp market reaction followed a strongly worded social media post by Trump on Sunday, in which he warned that the United States would target critical Iranian infrastructure if ships were not allowed safe passage through the vital shipping lane by Tuesday.
By David AbonyoThe ongoing war in Iran has disrupted global oil supplies, pushing crude prices higher and increasing fuel costs. Geopolitical analysts warn that oil prices could remain high for years as markets struggle to recover.
By Chrispho OwuorGlobal oil prices have surged above $100 a barrel amid a Middle East war involving Iran, the US and Israel, raising inflation risks and energy costs for households and businesses worldwide.
By Chrispho Owuor