Jet Fuel Prices Double as Iran War Forces Flight Cuts and Airline Surcharges
European jet fuel prices more than doubled to $180 a barrel since February, prompting Lufthansa, SAS and Air France-KLM to cut flights and add surcharges.
European jet fuel prices more than doubled to $180 a barrel since February, prompting Lufthansa, SAS and Air France-KLM to cut flights and add surcharges.
Ultra-low-cost US carrier shut down operations Saturday after fuel topped $4.5/gallon and a White House bailout proposal failed; some 17,000 jobs at risk.
President floats Havana operation at Florida event hours after signing executive order tightening sanctions on the island, citing Cuba-Venezuela ties.
Trump said he was unsatisfied with Iran's new proposal as the US announced withdrawing 5,000 troops from Germany over Berlin's Iran criticism.
Trump says US Navy seizing Iranian ships and oil is 'a very profitable business' as Washington enforces a naval blockade of Iranian ports.
OFAC says shippers paying Iran for Hormuz passage — even via Red Crescent charity — risk sanctions; tanker NEW FUSION blacklisted, 3 exchange houses hit.
IMF says shipping and air disruptions will keep dragging on growth even after peace, and tourism-dependent economies like Sri Lanka are hardest hit.
Iranian state media said Tehran transmitted a fresh war-ending proposal to Washington through Pakistan, with talks stalling since the April 8 ceasefire.
A senior IRGC official warned of 'long and painful strikes' on US regional positions while Tehran restated its claim to the Strait of Hormuz.
Australia's Sri Lankan-born community grew to an estimated 184,800 by mid-2025, up from 158,300 in June 2023, ABS data shows.
Trump said US tariffs on EU cars and trucks will rise to 25% next week, citing the bloc's non-compliance with last July's Turnberry trade deal.
ADB sharply downgrades Asia-Pacific growth from 5.1% to 4.7%, raises inflation to 5.2%, names Sri Lanka among economies most exposed.
Oil jumped almost 7% to a multi-year high after Axios reported the US military will brief Trump on a 'short and powerful' strike package.
Top three Indian carriers reconnect Doha hub with major Indian metros and regional cities, citing the holding US-Iran ceasefire across West Asia.
Oil hit a multi-year peak of $122 a barrel on Wednesday after reports the White House is preparing to extend the naval blockade of Iran's ports.
Israel detains around 175 activists, sends them to Greek beach. Sri Lankan activist Sameera Mehboobdeen had joined the Crete-area convoy.
Iran says six of 28 crew aboard the seized container ship Touska have been returned home; talks continue for the rest after the April 20 US naval seizure.
State Department cable seen by Reuters details Rubio-approved State-Pentagon initiative to coordinate shipping through the Iran-blockaded strait.
A new State Department directive instructs consular officers to refuse non-immigrant visas if applicants admit to fearing persecution at home.
An MoU on bilateral political consultations and a visa exemption deal for diplomatic and official passports are in final stages, the Foreign Ministry said.
Pentagon CFO blamed munitions for most of the $25 billion outlay as Hegseth slammed Democrats calling Iran a quagmire and approval slid to 34 percent.
King Charles III urged the US to stand firm with its Western allies, in the first British monarch's address to a joint session of Congress since 1991.
Air India, IndiGo and SpiceJet — 95% of India's market — tell government surging ATF and airspace restrictions threaten operations; FIA seeks relief.
Death toll from the Bekasi train collision near Jakarta has risen to 14 with 84 injured; rescuers are cutting through wreckage for those still trapped.