Airline Hedging Fails to Shield Carriers From Jet Fuel Price Spike

By admin March 12, 2026 No comment

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Airlines worldwide are struggling to cope with soaring jet fuel prices that have risen far faster than crude oil costs amid escalating Middle East tensions. Despite using hedging contracts to protect against oil price volatility, many carriers remain exposed because most hedges are tied to crude oil rather than refined jet fuel. The sharp increase […]

Pope Urges Prayers for Civilians in Iran War, Shows Solidarity with Lebanon

By admin March 11, 2026 No comment

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Pope Leo XIV on Wednesday expressed deep sorrow over the deaths of civilians, including children, in the ongoing Iran war and called on pilgrims in St. Peter’s Square to pray for peace across the Middle East. Highlighting the humanitarian toll, he emphasized the need to end violence that could escalate further, appealing repeatedly for calm […]

Airline Stocks Hit as Oil Soars Amid Middle East Conflict

By admin March 9, 2026 No comment

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Airline shares across Asia tumbled on Monday as soaring oil prices and the escalating U.S.-Israeli war with Iran disrupted travel and raised operating costs. Crude oil jumped 20% to its highest level since July 2022, driving up jet fuel prices and intensifying financial pressure on carriers already struggling with limited airspace and supply chain challenges. […]

Iran Warns EU Nations Over Possible Military Involvement

By admin March 7, 2026 No comment

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Iran has warned that any European Union country joining military attacks by the United States and Israel would be considered a “legitimate target” for retaliation. Iran’s Deputy Foreign Minister Majid Takht-Ravanchi made the statement during an interview with France 24, stressing that countries supporting the aggression would face direct consequences from Iran. His

Netanyahu Says US-Israeli War on Iran Will Not Be Prolonged

By admin March 3, 2026 No comment

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Israeli Prime Minister Benjamin Netanyahu said the war against Iran would be decisive and not drag on for years, describing it as potentially lasting weeks rather than becoming an “endless war.” Speaking in a televised interview, Netanyahu stressed that while the conflict may take some time, it would not mirror the prolonged wars of the […]

Germany Lifts Suspension on Israel Arms Sales as Ceasefire Holds

By admin November 18, 2025 No comment

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Germany has announced that it will lift its suspension on certain weapons sales to Israel starting November 24, a pause that had been in place since August due to the Gaza war. The suspension covered arms and systems that could be used in Gaza, though equipment deemed essential for Israel’s external defence was still allowed. […]