Oil prices have surged to a two-year high following warnings from Qatar's energy minister that all Gulf oil and gas production could cease within days due to escalating regional conflict.

• Brent crude oil topped $93 a barrel, an increase of over 9%.
• Qatar's Energy Minister, Saad al-Kaabi, stated that continuous conflict could "bring down the economies of the world" and potentially push oil prices to $150 a barrel.
• QatarEnergy has already halted LNG production citing "military attacks," and other Gulf exporters are expected to follow suit if the conflict persists, impacting global shipping routes like the Strait of Hormuz.

Kenya Airways has temporarily suspended its Nairobi–Dubai repatriation flight effective yesterday due to new security guidance from Dubai International Airport authorities.

• Suspension affects the scheduled repatriation flight and is a precautionary measure.
• The national carrier, Kenya Airways, prioritizes the safety of its crew and passengers.
• Affected customers are advised to check flight status online and contact the Kenya–UAE consulate for updates.

A significant surge in jet fuel prices, driven by disruptions in the Gulf following air strikes on Iran, is poised to increase air travel costs and potentially lead to flight cancellations.

• Jet fuel costs have risen by over 80%, with prices spiking to more than $1,500 per tonne, the highest since 2022.
• Analysts, including United Airlines chief executive Scott Kirby, warn of immediate impacts on ticket prices and airline profits.
• While some airlines like EasyJet and Ryanair are hedged against price increases, a prolonged disruption to the Strait of Hormuz could still affect even those with hedging strategies.