live Oil climbs past $119 a barrel as Iran crisis squeezes global supply - Monday 9 March
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli...
China notched a record 9.02 billion domestic trips during the 40-day Lunar New Year travel rush, the state Xinhua news agency reported on Sunday, surpassing the 8.4 billion trips taken in the same holiday period a year earlier.
The travel rush during China's biggest holiday is often read as a barometer for the country's economic health and a pressure test for its vast transportation system. The rise in travel was in line with expectations.
Some 513 million train trips were taken during the Spring Festival, as the holiday is known in China, up 6.1% on last year, while 90.2 million passengers travelled by air, up 7.4%, according to Xinhua.
Annual tallies of trips made during the annual travel rush have jumped since the Ministry of Transport revised the metric before the 2023 Lunar New Year to include self-driving road trips on major national expressways.
A total of 2.98 billion trips were recorded in the 2019 Spring Festival travel rush, the year before COVID-19 pandemic restrictions hampered travel.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
Global oil prices continue to rise, currently surpassing $119 a barrel this Monday, an almost four year high following fresh U.S.-Israeli strikes targeting oil depots. Stock markets shares slumped on fears the conflict with Iran could disrupt shipments through the Strait of Hormuz.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Emirates and Etihad Airways were resuming limited flight schedules to key global cities from their United Arab Emirates hubs on Friday (6 March), though the ongoing threat of missile fire piled pressure on airlines.
Air fares between Asia and Europe have surged after major Gulf hubs, including Dubai, partially reopened following closures linked to the conflict between Israel, the U.S. and Iran. Airlines are still rerouting flights around restricted airspace, cutting economy seat supply and pushing up prices.
Global air travel remained in turmoil on Monday after U.S. and Israeli strikes on Iran and retaliatory strikes in the Gulf region prompted widespread airspace closures across the Middle East, disrupting one of the world’s most important aviation corridors.
Chinese travellers made an estimated 362.58 million cross-regional passenger trips on Monday, the final day of the Spring Festival holiday, according to official data.
A powerful winter storm has brought large parts of the U.S. Northeast to a standstill, dumping more than 30 cms (a foot) of snow across several states and severely disrupting transport and daily life.
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