Airline stocks plunged while airfares surged as rising oil prices triggered by the U.S.-Israeli war on Iran raised concerns about a sharp downturn in travel and the possible grounding of many aircraft.

Egypt has increased domestic fuel prices by up to 30 percent, citing “exceptional” global energy pressures linked to the ongoing war in the Middle East that has disrupted oil supplies and shipping routes.

The Slovak government declared a state of emergency in relation to oil supplies on Wednesday.

Since the BTC pipeline's inception in June 2006, it has transported approximately 4.4 billion barrels (about 583 million tons) of crude oil to global markets by the end of September 2024,.

Russia continues to be a top oil supplier to India, according to energy cargo tracker Vortexa.

Oil deliveries from Russia’s Lukoil to Hungary and Slovakia have been halted due to Ukrainian restrictions, News.Az reports citing foreign media.

The volume of oil supplies from Russia to China in January - May increased by 11% year-on-year to 46.7 mln tons - Russia remains the largest oil exporter to China, according to data published by the General Administration of Customs of China.