Governments across Asia are racing to protect their economies from a deepening energy crisis triggered by the Iran war, as rising costs and supply disruptions create uneven economic pressure across the region. As the world’s largest oil-importing zone, Asia has felt immediate shocks, forcing policymakers to adopt urgent measures to stabilise fuel supplies and limit […]
fuel price surge
Global airlines cut flights, hike fares amid soaring fuel costs
Global airlines are rapidly increasing ticket prices and cutting selected routes as jet fuel costs surge sharply due to the ongoing conflict involving Iran. The crisis has placed immense financial pressure on carriers worldwide, forcing them to adjust operations and pass rising expenses on to passengers already facing uncertain travel conditions. Moreover, leading carriers have […]