Keywords: Prices
Jet fuel prices have more than doubled since the US-Israeli war against Iran began late February. They surpassed $4 per gallon this week, per Airlines for America data. Airlines globally pass costs to travelers amid peak spring break and rising summer bookings. United Airlines CEO Scott Kirby warned......
The fourth week of conflict involving the United States, Israel, and Iran has sent crude oil prices surging past $100 per barrel for the first time since 2022, as Iran's effective closure of the Strait of Hormuz disrupts roughly 20% of global oil supply. The crisis has intensified calls for a structural......
Global demand for electric vehicles is rising sharply as oil prices surge following the conflict involving Iran, prompting consumers to reassess fuel costs and accelerate the shift toward electric mobility. Brent crude has recently traded above 112 dollars per barrel, up about 60 percent since hostilities......
Jet fuel prices have surged sharply in recent weeks, sending shockwaves through the global aviation industry as supply disruptions linked to the Iran conflict drive costs to levels not seen in decades. Data from the International Air Transport Association shows the global average price of jet fuel reached......
Economic activity across the eurozone slowed sharply in March, with private sector growth nearly stalling as rising energy costs and supply disruptions linked to the Middle East conflict weighed on demand and business confidence. Preliminary data from S and P Global showed the HCOB eurozone composite......
Japanese authorities stepped up warnings on Monday as the yen weakened toward the key level of 160 against the US dollar, raising the likelihood of direct market intervention. Atsushi Mimura, Japan’s top currency official, said the government is prepared to act if exchange rate volatility continues,......
The closure of the Strait of Hormuz has escalated into one of the most severe energy crises in decades, cutting off around 20 percent of global oil supply and sending shockwaves through food and industrial supply chains. As the conflict between the United States and Iran enters its fourth week, the scale......
Oil markets moved sharply on Monday after conflicting statements from Washington and Tehran raised fresh uncertainty about the ongoing conflict. Prices dropped steeply before recovering part of the losses, as traders reacted to claims of diplomatic progress that were quickly denied by Iranian officials. Brent......
Ukrainian President Volodymyr Zelenskyy held talks on Monday with Mozambican counterpart Daniel Chapo to explore potential gas supplies to Ukraine, as the country seeks alternatives amid a global energy crisis. Zelenskyy emphasized Ukraine’s interest in securing additional energy resources, while......
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