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Ruto's economy thrown into turmoil by Iran crisis

President Ruto warned that the escalating conflict in the Middle East poses a serious threat to global peace and security. [File, Standard]

The dramatic escalation of hostilities between Israel and the United States on one side and Iran over the weekend has sent shockwaves through Kenya’s economy, threatening hundreds of billions of shillings in bilateral trade and triggering a surge in global oil prices that could upend President William Ruto’s carefully calibrated re-election strategy.

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