On June 24, oil prices fell by nearly 5% following a ceasefire agreement between Israel and Iran, after nearly two weeks of conflict.

• Brent crude oil dropped to $68 a barrel.
• US President Donald Trump confirmed the ceasefire is in effect.
• Concerns had heightened that a blockade of the Strait of Hormuz could disrupt global oil supplies.

Flights to and from the Middle East have been significantly disrupted due to escalating conflict between Israel and Iran, following missile attacks on a US military base in Qatar.

• Doha airport halted operations on Monday, causing widespread flight cancellations, with more than a dozen airlines affected.
• Air India suspended all operations to the Middle East, while Japan Airlines canceled flights from Tokyo to Doha.
• Approximately **1,400 flights** typically use the key corridor over Iran, Iraq, Lebanon, Syria, and Jordan, which are now avoided due to increased safety concerns.