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Keywords: Closure


Asian stock markets plunge as oil prices surge past $115

Stock markets across Asia fell sharply on Monday as crude oil prices jumped above $115 per barrel, heightening concerns that escalating tensions between the United States and Iran could damage the global economy. South Korea’s Kospi index dropped more than 8 percent, triggering a circuit breaker......

Asian markets mixed as Iran conflict enters seventh day

Asian financial markets ended a volatile week with mixed results on Friday as oil prices eased slightly after days of sharp swings triggered by the escalating conflict involving Iran. The fighting, now in its seventh day, has disrupted global energy flows and unsettled investors across major asset classes. The......

Asia Europe airfares surge as Middle East airspace closures disrupt travel

Airfares between Asia and Europe have surged dramatically after airspace closures across the Middle East disrupted global flight routes, forcing travelers to rely on a limited number of direct connections operated by Asian carriers. On March 5, a one way economy class ticket from London Heathrow to......

US says it is nearing total control of Iranian airspace

The United States and Israel have intensified their joint military campaign against Iran, with US Defense Secretary Pete Hegseth stating that American and Israeli forces are close to achieving full control of Iranian airspace as the conflict enters its sixth day. Speaking to reporters at the Pentagon,......

South Asian factories shut as Qatar gas supply disruption spreads

Industrial production across parts of South Asia has begun to slow or halt after the suspension of liquefied natural gas output in Qatar disrupted fuel supplies to major manufacturing and fertilizer sectors in India and Pakistan. The shutdown followed Iranian drone strikes on energy infrastructure at......

Tanker traffic falls to zero in Strait of Hormuz amid Iran threats

Global oil shipping through the Strait of Hormuz has effectively halted after Iran’s Islamic Revolutionary Guard Corps declared the strategic waterway closed and threatened to attack any vessel attempting to pass, sending shockwaves through global energy markets. The crisis began on February 28......

Soros investment chief warns markets face 18 to 24 months of turmoil

Dawn Fitzpatrick, chief investment officer at Soros Fund Management, warned investors to prepare for a difficult period lasting up to two years as markets confront a combination of geopolitical tensions, instability in private credit, and the disruptive effects of artificial intelligence. Speaking at......

Germany prioritizes vulnerable citizens in Middle East evacuation effort

Germany is taking urgent measures to evacuate its most vulnerable citizens from the Middle East, focusing on children, pregnant women, and individuals with serious health conditions. Officials confirmed the plan on Monday, highlighting the country's commitment to the safety of its nationals amid......

US strikes on Iran spark severe flight chaos across Middle East

Coordinated US and Israeli strikes on Iran have thrown global air travel into disarray, with key Middle Eastern hubs shutting down or operating under tight restrictions as regional airspace remains partly closed. The closures have disrupted one of the world’s main corridors linking Europe, Asia,......

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