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Oil prices rise as traders monitor fragile US-Iran ceasefire

Osmond ChiaBusiness reporterThursday April 9, 2026 Oil prices climbed in Asian trading on Thursday as markets tracked the increasingly shaky US-Iran ceasefire and what it could mean for shipments through the Strait of Hormuz. The two-week truce, already described as conditional, came under fresh pressure after Israel carried out a series of deadly strikes in Lebanon, drawing a warning from Tehran of a "regret‑inducing response" if the attacks go on. Oil prices plunged on Wednesday after the announcement of the agreement…

Kenya, Somalia pursue deeper economic integration within the East African Community

NAIROBI — Kenya and Somalia signaled a renewed push to deepen their economic partnership beyond the traditional exchange of goods, using a Nairobi forum this week to elevate services, diaspora investment and regional integration under the East African Community as central pillars of future growth. Policymakers and business leaders from both countries gathered Feb. 12–13 for the second Somalia–Kenya & Diaspora Trade Week at BBS Mall in Eastleigh, a meeting that organizers said drew more small and medium-sized enterprises…