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Travel News
Iran conflict threatens Southeast Asia’s summer tourism season
Tourism across Southeast Asia was finally recovering from the pandemic. Now, soaring fuel prices, flight disruptions, and growing economic uncertainty linked to the Iran conflict are threatening to slow demand just as the region enters its crucial summer travel season.
Business
EasyJet losses deepen as Iran war drives fuel costs higher
EasyJet reported wider first-half losses as the Iran war pushed up fuel costs and weakened demand. The airline warned of continued pressure from higher prices and softer summer bookings despite strong growth in its holidays business.
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Economy
Pacific economies face slower growth amid energy market pressure
Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.
Economy
Fuel prices in Europe: Before Iran war versus after the ceasefire
Fuel prices in Europe rose rapidly following the US–Israel strike on Iran and peaked shortly afterwards. While prices declined moderately after the ceasefire, both diesel and petrol remain notably higher than pre-strike levels.
