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18.08.26 - 04:27
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Iran War Pushes Middle Eastern Airlines Towards $4.3BN Loss In 2026 (ZeroHedge)
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Iran War Pushes Middle Eastern Airlines Towards $4.3BN Loss In 2026
Via Middle East Eye
As the US and Israel launched air strikes on Iran on February 28 2026, Iran struck back near US military installations in the Gulf, including in Qatar and the UAE. Several international airports were hit by Iranian strikes, including Dubai, the world's busiest for international passengers, as well as Abu Dhabi, Kuwait and Bahrain.
The UAE, Qatar, Bahrain and Kuwait closed their airspaces due to safety concerns, gradually reopening them a week later as hostilities lessened. The war has had long-lasting consequences for regional aviation: falling passenger and cargo demand, fewer private jet flights, and global repercussions from high jet fuel prices.
via AFP
The International Air Transport Association's (IATA) June outlook estimated that airlines operating from the Middle East will see a $7.2bn net profit in 2025 become a $4.3bn net loss in 2026.
Most major regional carriers have res...
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14.08.26 - 20:00
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Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping (ZeroHedge)
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Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping
Panama Canal transit auction prices have surged to record highs this summer as an intensifying El Niño and disruptions in the Strait of Hormuz upend global shipping routes.
A Bloomberg report Friday morning said a supertanker paid a record $4.6 million at auction to bypass the growing queue and secure an earlier transit slot next week. The spike in canal fees and vessel wait times threatens to further raise freight costs, reinforcing growing concerns about inflationary pressures across global supply chains.
Daily auctions for August passage through the canal's busiest locks have averaged about $1.1 million, more than 16 times the average during the same period last year, according to the Financial Times, citing Argus Media. Recent auctions for the larger locks averaged a record $2.5 million.
Bloomberg said that the liquefied petroleum gas supertanker G. Arete paid a staggering $4.6 million to skip the line, topp...
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