Middle East, Oil and War with Iran
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Large explosions were heard across the Iranian capital as the US and Israel threatened to intensify airstrikes
March 12 (Reuters) - Global air travel remains severely disrupted after the war in Iran forced the closure of key Middle Eastern hubs including Dubai, Doha and Abu Dhabi, stranding tens of thousands of passengers.
Demand for private charter flights out of the Middle East has surged since the beginning of the US-Israeli conflict with Iran, with those who can afford it paying astronomical prices to leave the region.
As conversations around the Iran war continue to play out online, people are arguing for the term Middle East to be retired.
The broadening Iran war has ricocheted across the region and beyond. Nearly every country in the Middle East has sustained damage from missile hits, drone strikes or shrapnel.
400mn barrels of crude made available as governments race to tackle rising prices
By Lawrence White and Selena Li LONDON/HONG KONG, March 12 (Reuters) - Just days before the U.S. and Israel launched strikes on Iran, HSBC's CEO Georges Elhedery said the Asia-Middle East corridor was becoming "a defining axis of global growth".
The Trump administration has organized nearly 50 flights to return U.S. citizens from the Middle East since the U.S.-Israeli war with Iran began, a State Department official said on Thursday, and officials said demand for the flights has declined.
Tech companies have funnelled billions of dollars into Middle East AI projects — the Iran war means questions will be asked about future investments
AIDA Cruises will not offer any cruises in the Middle East during the winter of 2026/27 as the situation in the region remains uncertain and cannot be reliably predicted for the foreseeable future, the company said in a press release.
Cheap Iranian drone attacks are pushing the Pentagon to expand layered air defenses in the Middle East, including interceptor drones and emerging laser systems.