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Global Energy Markets React to Middle East Conflict, Asia Pivots to Coal, US Airfares Rise
BusinessAPReutersbloomberg+20The GuardiancbccnbcSCMPThe IndependenthinduYahoohotnews+12 more21d ago23 sources

Global Energy Markets React to Middle East Conflict, Asia Pivots to Coal, US Airfares Rise

Oil prices continue to fluctuate due to Middle East tensions, with Asia pivoting to coal as LNG supplies are choked. Tokyo stocks also experienced mixed trading, losing early gains due to oil price concerns, while manufacturers face increased costs from the Iran war. Jet fuel prices and airfares are rising, but US airlines report continued flight bookings, while Vietnam faces falling oil production and Brazilian truckers weigh a strike amid the conflict. Crypto markets are also monitoring the situation, and US gasoline prices have soared.

Trump's Proposed 10% Global Tariffs and Their International Impact
BusinessReutershindustan-timesindian-express+7taipei-timesexpress-tribuneDaily Star BDglobal-timestempo-englishtaiwan-newsdaily-mirror-lk1mo ago10 sources

Trump's Proposed 10% Global Tariffs and Their International Impact

Donald Trump's proposal for a 10% global tariff on imports is coming into effect, raising questions about its potential economic impact on countries like India and others worldwide.

Taoiseach Lobbied by US Airlines Over Dublin Airport Passenger Cap
Businessrte-newsthe-journal14d ago2 sources

Taoiseach Lobbied by US Airlines Over Dublin Airport Passenger Cap

Aer Lingus has warned that any delay in removing the Dublin Airport passenger cap could result in significant capacity cuts and lead to fare increases next year. The Taoiseach was recently lobbied by US airlines in Washington regarding this passenger cap, with US aviation officials expressing dissatisfaction.

China's Russian Oil Imports Surge in Early 2026 Amid Iran War
BusinessAl JazeeraSCMPFrance 24+4indian-expressstraits-timesjerusalem-postDaily Sabah19d ago7 sources

China's Russian Oil Imports Surge in Early 2026 Amid Iran War

China's imports of discounted Russian crude oil significantly increased in January and February 2026. Analysts predict that these volumes may moderate in the coming months as the ongoing war in Iran intensifies global competition for Russian oil supplies.

G7 releases record amount of oil stocks to 'calm the markets down'
BusinessAPReutersBBC+101bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+93 more27d ago104 sources

G7 releases record amount of oil stocks to 'calm the markets down'

G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.

US airlines fear EU-wide impact of likely ruling on Dublin Airport passenger cap
Businessirish-independent1mo ago

US airlines fear EU-wide impact of likely ruling on Dublin Airport passenger cap

The Government must enact legislation to remove the passenger cap at Dublin Airport by the end of April or risk seeing a decision by the EU’s top court that would give planning authorities across the trading bloc “carte blanche” to reduce airport capacity, according to powerful US lobby group Airlines for America (A4A).

An airline barred 2 passengers after an in-flight brawl and plans to go after them for the cost of diverting the plane
BusinessBusiness Insider1mo ago

An airline barred 2 passengers after an in-flight brawl and plans to go after them for the cost of diverting the plane

Jet2 has barred two people from ever flying with it again after they brawled midair. OLI SCARFF/AFP via Getty Images British budget airline Jet2 barred two people after a midair brawl prompted a diversion on Thursday. Jet2 said it plans to "vigorously pursue" the pair to recoup costs for the diversion. Unruly passengers can face civil and criminal prosecution in addition to airline lawsuits. "Nothing beats a Jet2 holiday" — except when it ends in a midair brawl. The British budget carrier has issued lifetime bans to two passengers after a flight from Turkey to England diverted to Belgium on Thursday following a fight on board, the airline told multiple news outlets. It's unclear what caused the altercation, but videos circulating on social media show passengers screaming and pushing as cabin crew and others attempted to break it up. The plane later continued to the UK after police removed the two passengers. Jet2 said in a statement that the pair exhibited "appalling behavior" and that it would "vigorously pursue them" to recoup the costs of the diversion. Diversions aren't cheap: they can cost airlines tens of thousands of dollars in fuel, labor, and airport fees. Any hotel and transportation costs also add up. "As a family-friendly airline, we take a zero-tolerance approach to disruptive passenger behaviour, and we are very sorry that other customers and our colleagues on board had to experience this too," the airline said. Jet2 has a history of chasing down unruly passengers. In 2019, the airline barred a disruptive traveler and billed her about $115,000 after she attempted to open an exit door midair, prompting a diversion escorted by military jets. In 2022, two brothers who fought on board another Jet2 flight forced a diversion and were later charged about $68,000 and issued lifetime bans. Other airlines have taken similar approaches, seeking reimbursement from passengers whose behavior disrupted flights. Budget competitor Ryanair, for example, last year filed a lawsuit seeking about $18,000 from a passenger it described as disruptive after a diversion to Portugal in April 2024 left 160 people needing overnight accommodation. Unruly passenger incidents surged during the pandemic, when mask mandates fueled confrontations between travelers and airline staff. Data from the Federal Aviation Administration shows there were nearly 6,000 reports on US airlines in 2021 — up about 500% from roughly 1,000 the year before. Reports fell to about 2,500 in 2022 and further to roughly 1,600 in 2025, though they still remain well above pre-pandemic levels. There have been 126 reports so far in 2026. The FAA maintains a zero-tolerance policy and has issued more than $20 million in civil fines since 2020 (these are separate from the money airlines can collect through lawsuits). In more extreme cases — such as physical assaults on crew — passengers have faced criminal prosecution, including by the Federal Bureau of Investigation, resulting in larger fines and jail time. Read the original article on Business Insider