Fuel issues in the Middle East affect industry while the IRHA annual conference is underway in Killarney.
1 report, 1 independent
Updated Sep 4
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What happened
Fuel issues in the Middle East affect industry while the IRHA annual conference is underway in Killarney.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Killarney
town in County Kerry, Ireland
Nothing else this week.
Related events
- Geopolitical tensions in the Middle East are causing oil price volatility, impacting the operational costs of international carriers like Qantas and Virgin Australia.
- Strikes on oil tankers are underway, disrupting supply chains amidst the ongoing escalation of the Iran and US conflict in the Middle East.
- Renewed exchanges of fire between the US and Iran have led to the imposition of a 3.5% fuel and logistics surcharge.
- Instability in the Middle East has caused the Iran war to coincide with a rise in fuel VAT receipts, which the government is tracking using Department of Finance figures.
- Middle East tensions and Trump's announcements are affecting Brent crude futures, while Bank of America issues a buy rating on Chevron.