Virgin Atlantic adds fuel surcharges as Middle East conflict pushes up jet fuel costs
Virgin Group founder Sir Richard Branson has linked rising flight prices to the conflict involving Iran, the United States and Israel, saying the war has driven up oil and jet fuel costs. He said there was no need for the war and described it as the result of foolish leaders starting conflicts. Virgin Atlantic has already responded by adding a fuel surcharge to ticket prices in May.The airline said the surcharge was necessary because of the level of fuel prices. Its chief executive, Corneel Koster, said it was absolutely required at current fuel costs and added that it was hard... [Continue Reading]
360LiveNews | 05 Sep 2026 02:32 LONDON
Sponsored
Wall Street Opens Mixed as Oil Surges, Tech Firms Up and Defense Stocks Lag
Executive summary: U.S. markets opened with a split tone, as energy, chips and crypto-linked assets advanced while defense shares and the small-cap Russell 2000 slipped. The biggest early move was in WTI crude, which jumped +4.6%, helping lift energy stocks and reinforcing a broader commodity bid. Tech also opened firmer, with the Nasdaq Composite, S&P 500 and SOXX all higher, while the Dow and ITA defense ETF were lower. [Continue Reading]
360LiveNews Markets Intelligence | 04 Sep 2026 14:45 LONDON
Wall Street closes mixed as oil spikes, Meta and Tesla surge, and chip stocks lag
Executive summary: US equities finished mixed, with the S&P 500, Dow and Nasdaq posting small gains while the Russell 2000 and tech sector ETF slipped. The session was defined by a sharp jump in WTI crude, strong moves in Meta, Tesla and Apple, and a notable pullback in AI and chip shares. Gold, silver and several other havens also firmed, while the yen strengthened against the dollar. [Continue Reading]
360LiveNews Markets Intelligence | 03 Sep 2026 21:15 LONDON
Wall Street Opens Mixed as Oil Surges, Energy Leads, and Chips Slide on Inflation Jolt
Executive summary: US markets opened with a sharp sector rotation, as a jump in WTI crude lifted energy shares while AI and chip stocks sold off hard. Gold also pushed to fresh highs, the yen strengthened against the dollar, and the broad equity indexes were slightly lower in early trading, reflecting renewed concern that higher energy costs could complicate the inflation outlook. [Continue Reading]
360LiveNews Markets Intelligence | 03 Sep 2026 14:45 LONDON
Sponsored
Europe Opens Lower as Oil Jumps and Yen Strengthens, Pressuring Stocks Across the Region
Executive summary: European equities opened under pressure, with the DAX, Euro Stoxx 50, CAC 40 and FTSE 100 all lower in early trade. The move came alongside a sharp rise in Brent crude, firmer natural gas, a stronger yen and softer euro and pound, a mix that points to tighter financial conditions and renewed inflation concern. Gold also advanced, while risk-sensitive assets such as autos and ether were weaker. [Continue Reading]
360LiveNews Markets Intelligence | 03 Sep 2026 08:15 LONDON
Oil prices rise further as US-Iran tensions flare again over Hormuz fears
Oil prices rose further on Tuesday as renewed military exchanges between the United States and Iran revived fears of a broader escalation and possible disruption to global energy supplies. The latest moves came after weeks of relative calm, but shipping through the Strait of Hormuz remained subdued and traders continued to price in fresh risk. The confrontation is now feeding directly into both market volatility and political pressure over fuel costs.According to the supplied report, Washington struck Iranian rocket launchers on the island of Larak on Sunday, prompting Tehran to target US forces in Jordan and the United Arab Emirates.... [Continue Reading]
360LiveNews | 01 Sep 2026 06:29 LONDON
