IEA recommends emergency oil release over Strait of Hormuz closure; Mojtaba Khamenei reportedly injured, sources say; Israel strikes Lebanon; US responsible for Iranian girls school strike
The widening war with Iran, which has disrupted global travel, is hitting flights from Asia to Europe particularly hard, causing fares to soar and leaving travelers facing record prices ahead of the Easter rush.
More than 46,000 flight cancellations have been triggered across the region since the conflict began on February 28, according to aviation and travel data firm Cirium.
The crisis caused global airline capacity to disappear by up to 10 percent earlier this month; This was the biggest aviation shock since the COVID-19 pandemic.
Economy class round-trip tickets between Sydney and London from April 3-10 have increased by more than 80 percent in the past two weeks, while business class tickets for the same route have increased by around 40 percent, according to Bloomberg’s analysis of Google Flights data.
