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Beef prices could increase as much as 18.3% this year due to high demand and higher production costs.
If the conflict remains unresolved for a long duration, it can make the task of central banks arduous in their endeavour to rein in inflation expectations while minimising growth sacrifice, Malhotra said.
Jet fuel, which is airlines’ biggest expense behind labor, has doubled since the war with Iran began.
Fuel shortage wreaks havoc on summer air travel. Here’s what to know. - The Washington Post
Book as soon as possible for the first half of the peak season, and expect higher prices in Europe and Asia.
Iran war: Jet fuel crisis deepens as Lufthansa cuts flights - dw.com
The impact of jet fuel shortages because of the closure of the Strait of Hormuz is starting to burn. Lufthansa has canceled 20,000 flights and experts warn more cancellations and price hikes are on the way.
Sentiment scored by an AI model on article tone. Not investment advice.
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View Broker Options →Expedia (EXPE) is currently trading at $328.31. EXPE is up 0.84% today. Prices update live throughout market hours on this page.
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