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13.03.26 - 10:24
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Spinneys CEO: Transport Costs Not Passed to Consumers (Bloomberg)
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Transportation costs are slightly higher for UAE food supply but it isn't being passed on to the consumers. That's according to Spinneys CEO Sunil Kumar who spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche & pointed out that stockpiling which they saw in the beginning of the conflict from customers has now died down. (Source: Bloomberg)...
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13.03.26 - 08:18
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More airlines hike flight prices as Iran war continues to disrupt oil supply (The Guardian)
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Cathay Pacific, AirAsia and Thai Airways join Qantas in increasing prices, as travellers flock to airlines that don't have Middle East stopoversCathay Pacific, AirAsia and Thai Airways are among a growing number of airlines hiking air fares as conflict in the Middle East boosts oil prices and sends travellers flocking to alternative stopover destinations in Asia.The US and Israel's war on Iran has sent the price of oil soaring while restricting access to refineries, with experts predicting air fares could be elevated for months even if the conflict ends. Continue reading......
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12.03.26 - 22:45
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Charts Show Middle East Shockwave Rippling Through Energy, Air Travel, And Freight Networks (ZeroHedge)
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Charts Show Middle East Shockwave Rippling Through Energy, Air Travel, And Freight Networks
The Middle East conflict has triggered what the International Energy Agency earlier described as the largest oil supply disruption in global oil market history, as Iran continues to strike energy infrastructure across the Gulf. Against that deteriorating backdrop, Goldman analysts laid out how the shock is rippling through the global economy, disrupting oil flows, air travel, and freight markets.
Analysts led by Patrick Creuset said oil and transport markets have taken the hardest hit from the near-freeze in crude tanker traffic through the Strait of Hormuz. The disruption has also spilled into air travel, with a sharp decline in flights across the Gulf, though the fallout has so far remained largely contained to the region. Air cargo between Asia and Europe, however, has been hit the hardest, given the large role Middle Eastern airlines play in global freight.
Impact summary:
Oil
Crude tanker transits ...
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12.03.26 - 19:30
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Airlines Start Raising Fares Due to Higher Oil Prices (Bloomberg)
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The cost of airline tickets may jump as much as 9% as oil prices soar in the aftermath of the Iran war, according to the leading aviation industry group. “You're looking at probably an 8% or 9% increase” in airfares, Willie Walsh, director general of the International Air Transport Association, said at a conference in Lima. George Ferguson of Bloomberg Intelligence has more. (Source: Bloomberg)...
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12.03.26 - 13:15
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Brent crude oil tops $100 on concerns over Iran attacks on shipping (The Hill)
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Crude oil prices eased slightly on Thursday morning after briefly climbing above $100 overnight, as Iran moves to strengthen its hold over the Strait of Hormuz in an attempt to ramp up economic pain amid the ongoing war. Brent crude oil, the international benchmark, was trading about 4.7 percent higher at about $96 per barrel......
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