Airline’s CEO says massive rise in jet fuel prices and airspace closures in India’s neighbourhood ‘have caused many of our international flights to become unprofitable to operate’ …
Turkey braces for difficult tourism season in fog of war
Turkey’s tourism season is off to a difficult start and officials expect tough months ahead, as the Iran war has already prompted cancellations and a shift toward last‑minute bookings as travellers …
Japan’s big trading houses expect record profits but utilities forecast pain as Iran war weighs
Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while Japanese utilities warned of weaker earnings as fuel procurement costs spike.
Japan risks Trump’s ire as Iran war fallout sparks currency intervention
“FX intervention will only get them so far,” one strategist said after the yen surged.
Dubai chefs shrink menus as Iran conflict makes tomatillos, scallops harder to source
Restaurants are reporting shortages of imported produce and a drop in customer demand linked to weaker tourism flows …
US and Iran clash over latest Strait of Hormuz proposals
Oil prices (CL=F, BZ=F) remain elevated above $100 per barrel amid the latest back-and-forth between the US and Iran, as Iranian officials double down on their nuclear program as a key holdout to …
Japan trading houses expect record profits but utilities forecast pain as Iran war weighs
By Yuka Obayashi and Katya Golubkova TOKYO, May 1 (Reuters) – Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, …
UAE leaves OPEC in major blow to global oil producers’ group
The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers’ group as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf …
4 charts show how war is throttling Iran’s economy
The economic damage to Iran has accelerated since the US imposed a naval blockade, which has hit Iran’s oil sales and cut the nation off from imports.
4 charts show how war is throttling Iran’s economy
The economic damage to Iran has accelerated since the US imposed a naval blockade, which has hit Iran’s oil sales and cut the nation off from imports.