India’s state-run fuel retailers raised gasoline and diesel prices for the fourth time in 10 days in a delayed response to the Iran war pushing up the cost of crude, a move that boosts inflationary risks.
China’s world-beating coal production has helped shield its economy from the worst of the Iran war shock. Now the deadliest mining disaster in years is raising uncomfortable questions about the cost of that drive.
The surge in the cost of jet fuel since the start of the Iran war is highlighting the vast disparity in how well individual airlines protect themselves against a price spike.
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