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Middle East countries cut daily oil output as ships stay clear of Hormuz
Bloomberg News, Published on 10/03/2026
» LONDON — Oil production cuts in the Middle East are deepening as the crucial Strait of Hormuz waterway remains at a near-standstill, widening the chaos in energy markets.
Asia airlines hike fares, eye groundings on fuel crunch risk
Bloomberg News, Published on 10/03/2026
» SINGAPORE — Airlines in Asia are raising ticket prices and mapping out contingency plans that include grounding planes as the escalating Middle East conflict threatens to trigger the worst oil shock since the 1970s.