Airlines disrupted by Middle East conflict
PARIS: Global airlines have suspended or reduced flights in the Middle East as the conflict between Israel and Iran rages and the United States joins the fight.
The US carried out strikes against Iranian nuclear sites overnight Saturday to Sunday after over a week of deadly missile exchanges between Israel and Iran.
Here is the latest airline situation:
- European airlines -
British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran.
But the airline said Monday that it was 'scheduled to operate as normal' on those routes.
Air France halted flights to Saudi Arabia and the United Arab Emirates until at least Tuesday inclusive, the airline said.
It also extended the suspension of the Paris-Tel Aviv route until July 14.
Flights of Air France's low-cost carrier Transavia from Paris to Beirut have been suspended until June 30 while the Tel Aviv route is closed until September 7.
Germany's Lufthansa group, whose other airlines include Swiss, Austrian and ITA, has suspended flights to the Middle East until June 30.
The Amman and Erbil, Iraq, routes were also suspended until July 11.
The group will not fly to Tel Aviv and Tehran will until July 31 and is also avoiding the air space of countries involved in the conflict.
Greece's Aegean Airlines has stopped Tel Aviv flights until July 12. Its Amman, Beirut and Erbil routes are closed until June 28.
Turkish airline Pegasus has scrapped flights to Iraq, Jordan and Lebanon until June 30, and Iran until July 30.
No Turkish Airlines flights to Baghdad, Damascus and Tehran are available before July 1.
- US and Canadian airlines -
United Airlines has warned passengers that flights to and from Dubai scheduled between June 18 and July 3 may be affected and is offering no-fee ticket changes under certain conditions due to Middle East unrest.
The US airline has implemented the same flexibility for Tel Aviv flights between June 13 and August 1, allowing customers to rebook for other major European cities.
Air Canada has temporarily suspended its daily non-stop service from Toronto to Dubai starting June 18 and warned the suspension could be extended.
Travel via a European stopover on a partner airline remains possible, according to its website.
American Airlines is allowing customers to change their bookings to Doha without fees for travel originally scheduled between June 19 and July 20.
- Asian airlines -
Singapore Airlines has cancelled eight flights to Dubai -- two per day from Sunday through Wednesday.
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2 hours ago
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Oil dips, dollar firms after US strikes in Iran
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Malaysia Sun
2 hours ago
- Malaysia Sun
Oil flip-flops, dollar firms after US hits Iran nuclear sites
The dollar strengthened and oil prices pulled back from their early gains on Monday after the US struck Irans nuclear facilities at the weekend. Asian markets, however, retreated while European stocks were slightly higher as traders nervously awaited Irans response. Oil pricesgave up most of their early gains on Monday and the dollar strengthenedafter the United States struck Iran's nuclear facilities at the weekend. Asian marketsmostly retreated while European bourses were marginally higher as traders wait to see how Tehran could respond. Read moreIran vows US will 'receive a response' after strikes on nuclear sites "Everything hinges onIran's response and whether it's a symbolic jab or a haymaker that knocks theStrait of Hormuzoffline," said Stephen Innes at SPI Asset Management. One option on the table would be to potentially create economic havoc by seeking to close the strategic Strait of Hormuz -- which carries one-fifth of global oil output. Iran is the world's ninth-biggest oil-producing country, with output of about 3.3 million barrels per day. Itexportsjust under half of that amount and consumes the rest. Read more'Dangerous escalation': World leaders call for return to diplomacy after US strikes on Iran When trading opened on Monday, Brent and the main US crude contract WTI both jumped more than four percent to hit their highest price since January. They pared these gains however and briefly dipped into the red before recovering totradeslightly higher. "So far, satellite images reportedly suggest that oil continues to flow through the Strait, which may explain the muted market reaction to the news," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. "Many remain optimistic that Iran will avoid a full-blown retaliation and regional chaos, to prevent its own oil facilities from becoming targets and to avoid a widening conflict that could hurtChinaits biggest oil customer." But "if things get uglier" the price of US crude could even spike beyond $100 per barrel, she said. WTI was trading around $74 per barrel on Monday. 'Extreme route' "An oil price shock would create a real negative impact on most Asian economies" as many are big net energy importers, economists at MUFG warned. Tokyo,Seoul, Sydney,Singapore, Taipei, Manila, Bangkok and Jakarta were all lower. Hong Kong, Shanghai and Kuala Lumpur were the only gainers in Asia. InEuropean marketsLondonand Frankfurt ticked marginally higher whilePariswas flat. Read moreRussia and China push for a ceasefire as UN Security Council meets on Iran The dollar rose against other currencies but analysts questioned to what extent this would hold out. "If the increase proves to be just a knee-jerk reaction to what is perceived as short-lived US involvement in the Middle-East conflict, the dollar's downward path is likely to resume," said Sebastian Boyd, markets live blog strategist at Bloomberg. Chris Weston at Pepperstone said Iran would be able to inflict economic damage on the world without taking the "extreme route" of trying to close the Strait of Hormuz. "By planting enough belief that they could disrupt this key logistical channel, maritime costs could rise to the point that it would have a significant impact on the supply of crude and gas," he wrote. At the same time, "while Trump's primary focus will be on theMiddle East, headlines on trade negotiations could soon start to roll in and market anxieties could feasibly build". Key figures at around 0900 GMT Brent North Sea Crude: UP 0.2 percent at $77.14 per barrel WestTexasIntermediate: UP 0.1 percent at $73.94 per barrel Tokyo -Nikkei225: DOWN 0.1 percent at 38,354.09 (close) Hong Kong- Hang Seng Index: UP 0.7 percent at 23,689.13 (close) Shanghai - Composite: UP 0.7 percent at 3,381.58 (close) London - FTSE 100: UP 0.1 percent at 8,800.5 Euro/dollar: DOWN at $1.1458 from $1.1516 on Friday Pound/dollar: UP at $1.3445 from $1.3444 Dollar/yen: UP at 147.94 yen from 146.13 yen Euro/pound: DOWN at 85.65 pence from 85.66 pence New York- Dow: UP 0.1 percent at 42,206.82 (close) (FRANCE 24 with AFP) Originally published on France24
