Risks to shipping, aviation and inflation rise amid Israel, Iran conflict
As the result of the conflict, oil prices have risen ahead of the US Fed's meeting this week; meanwhile many flights have been cancelled or diverted, and the safety of ships in the Strait of Hormuz is under scrutiny.
The Israeli strikes on Iran’s nuclear facilities are having a spill on effect to airlines looking to avoid the two countries’ airspaces; there have been numerous cancellations and diversions in the region as airlines look to keep passages and cargo as safe as possible.
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