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Vicky Price: Business Correspondent on rising oil prices, jet fuel stocks
Published 1 week, 6 days ago
Description
Airlines are taking another hit from the ongoing conflict in the Middle East.
Oil prices jumped 7% after an Iranian news agency announced Tehran has suspended the negotiations with the US.
Contributing to the dwindling stocks of jet fuel is a new ban on exports by Russia, set to last until the end of November.
Business Correspondent Vicky Pryce told Francesca Rudkin airlines are also beginning to be affected in terms of the value they have in the stock markets.
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