KENYA HIKES FUEL PRICES BY 6% FOLLOWING LINGERING MIDDLE EAST TENSIONS. (PHOTO).

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 Kenya hikes fuel prices by 6% following lingering Middle East tensions Kenya raised the maximum retail prices of petrol and diesel on Wednesday, the energy regulator said, citing higher import costs linked to the conflict in the Middle East. The east African nation hiked petrol prices by 6% and diesel prices by 4.5% as it relies on the Middle East region for nearly all of its fuel supplies. A litre of diesel will cost 227.76 Kenyan shillings ($1.76) in the capital city of Nairobi, from 217.86 shillings, while kerosene will rise to 219.87 shillings from 191.38 shillings between October 15 and November 14, when new prices will be announced, TRT Afrika reported. The energy regulator said the government extended a reduction in value-added tax on fuel to 8% from 16% until January 14. Fuel prices affect multiple sectors including transport, agriculture and construction.
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IRAN REJECTS US CEASEFIRE OFFER, SAYS CONFLICT WILL CONTINUE UNTIL STRATEGIC GOALS ARE MET. (PHOTO).

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 Iran rejects US ceasefire offer, says conflict will continue until strategic goals are met

Iran has formally rejected a U.S. ceasefire proposal, according to Iranian state media reports on Wednesday. The FARS News Agency, citing an informed source, said Washington has intensified efforts to implement a ceasefire and initiate indirect talks aimed at ending the conflict that began on February 28 following U.S. and Israeli strikes on Iran.

The source told FARS, “Iran does not accept a ceasefire,” adding that it is “not logical to enter into such a process with those who violate the agreement.” The outlet reported that Iran intends to achieve its strategic objectives in the conflict, and only after those goals are met would a resolution be possible. Earlier Wednesday, reports indicated that Iran received President Donald Trump’s 15-point peace plan, though Tehran denies that any direct negotiations with the U.S. are taking place.


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