Soaring jet fuel costs, squeezing profits: Airlines’ ‘Iran’ headache
While the budget carriers have felt the worst of the volatile geopolitics, industry's hedging programmes too faced acid test...
Tag : Iran War
The world is on fire and the money is going South
Iran war, a shut chokepoint, and an AI market that swings by the week have not stopped record sums flowing into developing economies...
Malaysia engages rival airlines as rising jet fuel prices hammer AirAsia
AirAsia has been hit by soaring jet fuel costs, with the latter surging 66% in the Q2 from the prior quarter to an average of USD 183 a barrel...
East-West pipeline attack: Saudi offers crude via Sohar Port, cancels European cargoes
Saudi Aramco has offered its flagship Arab Light grade, as well as Arab Medium and Arab Heavy, to Asian buyers for loading off Sohar...
Fed raises interest rates ahead of US midterms, Warsh calls it ‘right decision’
The decision taken by the apex bank has effectively put a stamp of acknowledgement on the Trump administration's inability to control inflation...
AirBaltic files for Chapter 11 bankruptcy as Iran war drives up fuel costs
AirBaltic, known as Latvia's flagship carrier, now seeks to restructure its debt pile and survive the deepening sector-wide crisis...
Saudi’s East-West Pipeline shutdown threatens 4% of global oil supply
Saudi Arabia has shut down pipeline following drone attacks on the vital crude conduit, amid the war-related disruption in the Strait of Hormuz...
Nigeria’s domestic crude swap proposal could cut refining costs
The finer details of this complicated swap mechanism, pitched forward by the Bola Tinubu administration, are being worked out by the various stakeholders...
Geopolitical risks challenge global shipping rules, warns industry body
The Consultative Shipping Group warns that wars, contested chokepoints and a growing shadow fleet are threatening the rules underpinning global trade...
Iran war rewires Gulf trade, and infrastructure becomes the new oil
With the Strait of Hormuz all but shut for six months, Gulf states are ploughing billions into pipelines, ports and rail...