World news
fromAxios
2 hours agoWelcome to the spring of travel hell
Airline fares may rise due to increased jet fuel prices and ongoing geopolitical tensions affecting oil supply.
I don't want to raise levels of public anxiety. They are anxious about what they're already seeing on their television screens. They're anxious about the impact it will have on them, particularly economically, in their households.
"I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East... I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of the ongoing meetings and discussions."
Sterling fell by 0.5% against the dollar, dropping below $1.33, as the US currency strengthened due to a flight to safety. The dollar index increased by 0.3%.
Prices have come off sharply from recent highs as energy markets push inflation expectations higher and delay the path to interest rate cuts. Gold, being a non-yielding asset, is reacting to this shift in the short term.