Travel shares tumbled on Monday, shedding $22.6 billion as escalating conflict between the U.S., Israel and Iran disrupted flights worldwide, closed key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks of disruption. The U.N.’s International Civil Aviation Organization told countries they “have the responsibility to ensure the safety and security of air transport
he yen and euro were broadly lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks may respond to inflation pressures. The dollar benefited from safe-haven demand as the US and Israeli air war against Iran spilled out into neighboring countries. The euro steadied after sliding more than 1% as doubts swirled a
Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-havens amid an escalating US and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. Spot gold was up 1% at $5,377.21 per ounce, as of 0122 GMT. In the previous session, bullion climbed to its highest point in more than four weeks af
Oil prices rose for a third day on Tuesday as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region. Brent crude futures were at $78.83 a barrel, up $1.10, or 1.4%, by 0107 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, tho
Selling pressure gripped the Pakistan Stock Exchange (PSX) amid escalating geopolitical tensions in the region, driving the benchmark KSE-100 Index below the 153,000 level on Monday. At 9:22am, the benchmark index was hovering at 152,991.15 , down by 15,071.01 points or 8.97%. Following the nearly 9% drop, trading activity at PSX was halted and will reopen at 10.22am. “All TRE Certificate