Germany’s Lufthansa has announced the cancellation of 20,000 short-haul flights until October due to a significant increase in jet fuel prices following the Iran–Iraq conflict.

The price of Azerbaijani oil grade Azeri Light (CIF) has risen sharply on global markets, increasing by $10.89, or 8.3%, to reach $141.68 per barrel.

Malaysia’s construction sector is facing growing pressure as rising global oil prices linked to Middle East tensions drive up costs and threaten project viability, industry representatives said.

Producer prices in the United States rose faster than expected in February, signaling persistent inflationary pressures that analysts warn could intensify further amid escalating geopolitical tensions in the Middle East.

A recent analysis suggests Ethereum (ETH) could soon experience a massive price surge, potentially reaching $10,000 per coin.