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Iran had earlier said it was shutting the strategic waterway and accused the US and Israel of violating a ceasefire agreement amid rising tensions linked to Israeli strikes in Lebanon.
In a statement issued on Thursday, the AU boss said the agreement demonstrates the value of diplomacy in resolving long-running conflicts.
The pact commits Iran to never acquiring a nuclear weapon, outlines plans for a $300 billion reconstruction and economic development framework, and provides a pathway for lifting US sanctions and releasing frozen Iranian assets.
In 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.
Details of the deal were not immediately released and Iran signaled implementation would not start until the signing, which key mediator Pakistan said would occur Friday in Switzerland.
The 2026 Global Peace Index says Kenya, while not in direct armed conflict, could face politically sensitive economic strain as regional instability and tighter global finances increase debt repayment and food supply risks ahead of elections.
US Central Command says airstrikes on Iranian positions were launched hours after a US Apache helicopter was shot down near the Strait of Hormuz. The US says the action was proportional and reports explosions along the Persian Gulf.
The International Air Transport Association (IATA) predicted its 370 member airlines, which account for 85 percent of global air traffic, will carry 5.1 billion passengers this year.
Tehran says the attacks violated a ceasefire understanding and international law, warning that it reserves the right to respond using all available means.
In a post on social media on Saturday, Trump said discussions had involved leaders from Saudi Arabia, United Arab Emirates, Qatar, Pakistan, Türkiye, Egypt, Jordan and Bahrain, alongside talks relating to the Iran crisis and a proposed “Memorandum of Understanding pertaining to PEACE”.
The President said the government was accelerating plans to reduce the country's dependence on imported fuel while cushioning consumers from the effects of one of the most severe disruptions in the global oil market in recent years.
In a communiqué issued after the talks, the group highlighted pressures on energy, food and fertiliser supply chains linked to ongoing geopolitical tensions, noting that these risks are “particularly affecting the most vulnerable countries.”
Committee Chairperson Kuria Kimani said Parliament would need to revisit the budgets submitted by Ministries, Departments, and Agencies after hearing their presentations so that allocations can reflect the changing economic environment.
Despite the rising tensions, US President Donald Trump maintained that a ceasefire arrangement tied to talks aimed at ending the war launched in February remained in place.
Iranian state media first reported “explosions” in the Strait of Hormuz and described the incident as an “exchange of fire” involving the “enemy”. Reports from local outlets also said explosions were heard in Tehran.
The 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.
Tehran issued its sharpest direct threat yet to American naval assets hours after Washington announced it would begin guiding stranded ships out of the waterway under "Project Freedom."
US President Donald Trump says the US will launch “Project Freedom” to escort neutral ships stranded in the Strait of Hormuz. He cites humanitarian needs and deteriorating onboard conditions, amid rising regional tensions.
UN Secretary-General António Guterres warns that curtailments to navigation in the Strait of Hormuz are disrupting energy, transport, manufacturing and food systems. He outlines scenarios that could raise inflation, cut growth and increase poverty and hunger.
The decision follows growing concern from oil sector players who have been struggling to secure fuel that meets Kenya’s strict quality requirements. Industry reports point to tightening global supply, with particular pressure coming from disruptions around the Strait of Hormuz, through which a large share of global oil shipments pass.
Matiba stressed that procurement and supply chain systems play a central role in managing such risks because they determine how goods and services move from source markets to consumers.
Iran’s Foreign Minister Abbas Araghchi said US “many demands” caused peace talks in Islamabad to fail. Speaking in Russia, he said Iran will consult allies after talks collapsed following a Trump-cancelled planned US diplomatic mission.
Brent 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.
In a social media post Sunday, Trump also accused Iran of violating the countries' two-week ceasefire with attacks Saturday in the Strait of Hormuz.
Iran and the United States say negotiations are progressing, but disputes over nuclear limits and control of the Strait of Hormuz remain. Restrictions have reimposed amid renewed maritime tensions as a ceasefire deadline nears.
Iranian authorities confirmed they had again shut the Strait, reversing an earlier reopening, in response to an ongoing naval blockade imposed by the United States on Iranian ports.
Iran’s move to shut it again signals continued pressure in the standoff with Washington, which has maintained restrictions on Iranian ports. The back-and-forth decisions have added uncertainty to global shipping and energy markets already shaken by weeks of tension in the region.
While acknowledging that the marathon negotiations in Pakistan had gone "well" and "most points were agreed to," Trump said Tehran had refused to concede on the issue of its nuclear program.
U.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.
Located between Iran to the north and Oman and the United Arab Emirates to the south, the Strait of Hormuz connects the Persian Gulf to the Arabian Sea. At its entrance and exit, the passage is roughly 50km wide, narrowing to about 33km at its tightest point.