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Delta Air Lines chief executive Ed Bastian told investors that customers should expect higher airfares as oil prices climb in response to the ongoing US‑Israel conflict with Iran. The carrier has already absorbed an additional $330 million in fuel costs and anticipates a further $2 billion increase in fuel expenses for the current quarter. Despite the cost pressure, Delta forecasts a 10% rise in revenue, citing robust passenger demand that it describes as a "healthy" travel environment. Bastian noted that the surge in demand is especially strong among affluent travelers who continue to purchase premium‑class seats. Other U.S. airlines have begun raising baggage fees, attributing the move to volatile fuel markets. Bastian suggested that such fee hikes could become a permanent feature of airline pricing, adding that "at this level of fuel pricing, it’s hard to call anything temporary." Oil markets showed a brief reprieve after Iran announced the reopening of the Strait of Hormuz under a two‑week cease‑fire agreement with the United States. Brent crude fell from roughly $110 per barrel to just under $95 per barrel, yet prices remain about $20 per barrel above pre‑conflict levels. U.S. carriers have felt the ripple effects of the conflict. Since the start of the year, American Airlines shares have slipped about 25% and United Airlines about 13%. United’s CEO, Scott Kirby, warned that fares could climb as much as 20% if fuel costs stay elevated, even as airlines strive to keep demand strong. Delta’s stock, which surged 17% last year, has been flat so far in 2026, reflecting both consumer resilience and the headwinds from the conflict. The shares did gain 6% in early trading on Wednesday. To mitigate fuel consumption, Delta plans to trim capacity on lower‑load midweek and overnight routes, mirroring a similar capacity‑reduction announcement from United earlier in the month. Bastian also highlighted that Delta has benefited from a "K‑shaped" economic recovery, where wealthier consumers continue to spend on travel while lower‑income households curb discretionary spending. "Our customers at the top of the K are still investing in travel," he told CNBC, emphasizing that premium travel remains a priority for this segment.

A massive fire has broken out at oil storage tanks located near Baghdad, the capital city of Iraq. The incident was reported by Al Jazeera, a prominent news organization. Details about the cause of the fire and any potential casualties or damage are not provided in the initial report.

Iran has warned that Saudi Arabia and the United Arab Emirates could become new targets if the United States proceeds with attacks on Iranian civilian infrastructure, according to a statement cited by the Tasnim news agency. The warning came late on Tuesday, as U.S. President Donald Trump issued an ultimatum demanding Iran reopen the Strait of Hormuz by 00:00 GMT (3:30 a.m. Tehran time) on Wednesday, threatening to "destroy a whole civilisation" if the demand is not met. Closing the strategic waterway would further destabilise the global oil market, already rattled by the ongoing blockade of Gulf oil exports. In response, Iran’s First Vice President Mohammad Reza Aref affirmed the country’s readiness for any scenario, stating on X that national security and infrastructure sustainability have been meticulously calculated and that “no threat is beyond our preparedness and intelligence.” Meanwhile, U.S. forces intensified strikes on Iranian targets, hitting railway and road bridges, an airport, a petrochemical plant, and the Kharg Island oil export terminal. Gulf states on high alert Regional authorities have taken precautionary measures: Bahrain’s Khalifa Bin Salman Port announced a temporary suspension of operations from early April 8, and the U.S. State Department issued a shelter‑in‑place order for American citizens in Bahrain, alongside travel advisories for the Hajj pilgrimage and for Riyadh. Kuwait’s Ministry of Interior imposed a curfew from 12 a.m. to 6 a.m. (GMT 21:00–03:00) as a precaution, while the King Fahd Causeway linking Saudi Arabia and Bahrain was closed twice on Tuesday due to alerts in Saudi Arabia’s eastern region. Israel warned its citizens of a likely surge in attacks as the deadline approaches, citing the Karish and Tanin offshore gas fields as potential targets. Explosions and rocket fire were reported across the region, including near a U.S. diplomatic facility in Baghdad, in the Iraqi capital, and over Bahrain and the UAE. The UAE’s Ministry of Defence confirmed that its air defences are currently engaging missile and drone attacks from Iran, and Qatar’s Ministry of Defence reported intercepting a missile aimed at its territory. These developments underscore a rapidly escalating security environment in the Middle East, with the potential to impact global energy supplies and international trade.

The Iraqi armed group Kataib Hezbollah, which is backed by Iran, has announced that it will release Shelly Kittleson, a journalist from the United States. Kittleson was abducted in the Iraqi capital of Baghdad on March 31, prompting calls for her release from press freedom groups.The group said on Tuesday that Kittleson would be freed on the condition that she leave Iraq immediately. An anonymous Iraqi official confirmed her release to The Associated Press on Tuesday afternoon.Kittleson, a 49-year-old freelance reporter, had been kept in detention in Baghdad. Her release comes at a moment of heightened tension in Iraq, where Iran-backed groups have carried out attacks on US forces amid the US-Israel war on Iran.The decision to release Kittleson was reportedly made in response to 'the national stances of the outgoing prime minister' of Iraq, Mohammed Shia al-Sudani. Abu Mujahid al-Assaf, a security official with the group, warned that the 'exceptional gesture' would not be repeated again.The Associated Press reported that Kittleson was released in exchange for several imprisoned Kataib Hezbollah members, citing anonymous members of the militia. During her detention, publications Kittleson had worked for, including Al-Monitor, praised her for her commitment to covering conflicts in the Middle East.

Bryson DeChambeau, a two-time major winner, has taken an unconventional approach to improving his game: he's started making his own golf clubs. The decision was revealed during pre-tournament media duties at the Masters, showcasing his commitment to innovation and self-improvement. DeChambeau emphasized that his drive for innovation is a key aspect of his personality, stating, “I think it’s the willingness to always try to improve… There’s this nature that I have about myself where innovation is a habit of mine and I really find and take pride in that ability to learn, even through failure.” He has been experimenting with various clubs, including wedges and irons, and is also working on building his own driver. “Then I am working on irons, building irons, building a driver. So we’ll see where it goes, we’ll see where it takes me. All I could say is, if I don’t put them in the bag, it’s my fault now.” This move comes after a public feud with Cobra, a manufacturer he previously used, where he criticized their driver, leading to a heated exchange. DeChambeau's new approach allows him to have full control over his equipment, “It’s my own personal clubs I’m building. With myself.” DeChambeau returns to Augusta National with a desire to redeem himself after a disappointing performance in 2025, where he was outplayed by Rory McIlroy in the final round. A potential rivalry between DeChambeau and McIlroy could add excitement to the tournament, with DeChambeau expressing his respect for McIlroy while also highlighting his competitive drive: “Do I respect him as an individual? 100%. Do I want to beat him every time I see him? Absolutely.”

American journalist Shelly Kittleson, who was kidnapped from a Baghdad street corner last week, has been released, according to an Iraqi official with direct knowledge of the situation. Kittleson was freed in the afternoon, and before her release, she had been held in Baghdad.The powerful Iran-backed Iraqi militia Kataib Hezbollah said in a statement earlier in the day it had decided to free Kittleson, who was abducted on March 31. The group said its decision came “in appreciation of the patriotic stances of the outgoing prime minister”, Mohammed Shia al-Sudani, without giving more details. It added: “This initiative will not be repeated in the future.”The statement also included a condition – that Kittleson must “leave the country immediately” upon her release. Kittleson, 49, a freelance journalist, had lived abroad for years before the kidnapping, using Rome as her base for a time and building a respected journalism career across the Middle East, particularly in Iraq and Syria.Kataib Hezbollah has previously been accused of kidnapping foreigners, including Elizabeth Tsurkov, a Princeton graduate student with Israeli and Russian citizenship, who disappeared in Baghdad in 2023 and was freed in September 2025. The group never officially claimed responsibility for kidnapping her.Iran-backed militias in Iraq have also launched regular attacks on US facilities in the country since the beginning of the US-Israeli war on Iran.

An oil slick from a damaged Iranian drone carrier, the Shahid Bagheri, is threatening to contaminate the Hara biosphere reserve, one of the Middle East's most important wetlands. The slick was caused by a US warplane attack in early March, which left the ship leaking heavy fuel oil in Iranian territorial waters near the Strait of Hormuz.The oil has slowly been moving westwards towards the Hara biosphere reserve, the largest mangrove forest on the Gulf shoreline. By 18 March, the oil had traveled 16 miles southwest in the direction of Hara, according to satellite image analysis. The spill could be the most ecologically significant in the region since the first Gulf War.The Hara reserve is an important ecosystem for migrating birds and critically endangered turtles, as well as many species of fish and crustaceans. The region's fishing communities depend almost entirely on the sea for their livelihoods, making the potential impact of the spill significant.Environmental analysts have expressed concern that the situation could worsen if attacks on oil and chemical tankers continue. Wim Zwijnenburg, an environment analyst, noted that “if you keep shooting at oil [and] chemical tankers, at some point you will create a catastrophe if it goes wrong.”

Mexico is facing a severe 'toxic crisis' due to the importation of hazardous waste from the US, according to a UN expert. Marcos Orellana, the UN special rapporteur on toxics and human rights, conducted an 11-day investigative mission in Mexico and found lax environmental standards and a lack of oversight, leading to the accumulation of pollution over the years. Orellana warned that over 1,000 contaminated locations are officially recorded in Mexico's National Inventory of Contaminated Sites, many of which have become 'sacrifice zones' where diseases such as cancer and medical events like miscarriages are normalized. He cited factories spewing hazardous waste into the Atoyac River in Puebla, huge industrial pig farms contaminating drinking water on the Yucatan peninsula, and a decade-old mining chemical spill affecting health in communities around the Sonora River. The expert emphasized that US overconsumption and economic activity are using Mexico as a 'garbage sink'. He proposed that Mexico could adopt restrictions on the import of hazardous waste as a measure to address part of the crisis. Some countries have chosen to ban such imports to avoid becoming destinations for international waste. Residents in Monterrey, which suffers from some of the worst air pollution in North America, welcomed the rapporteur's calls for more attention to the health of Mexico's people. Local activists and childcare center directors highlighted the dire health effects on communities, including respiratory illnesses and other health issues. Mexico's government has acknowledged that regulatory standards are out of date and has announced plans to strengthen them. Officials are rolling out a new air monitoring system to detect emissions from specific facilities, starting in an industrial corridor of Monterrey.

Pakistan has put forward a two-phase plan to bring an end to the ongoing conflict between the US, Israel, and Iran, and to reopen the strategically critical Strait of Hormuz. This initiative has been shared with both Iran and the United States, and is currently being considered by both sides.According to sources, Esmaeil Baghaei, spokesman for Iran's Ministry of Foreign Affairs, has acknowledged Pakistan's diplomatic efforts. The plan, tentatively referred to as the 'Islamabad Accord', involves an immediate ceasefire and the reopening of the Strait of Hormuz, with 15 to 20 days allocated to finalize a broader settlement.The proposed agreement would include Iranian commitments not to pursue nuclear weapons in exchange for sanctions relief and the release of frozen assets. However, Tehran has responded by stating that it will not reopen the strait as part of a temporary ceasefire, and has expressed skepticism about the proposal.The US has not yet responded to Pakistan's plan, while Iran has rejected a 15-point plan put forward by the US last month, describing it as 'illogical'. The conflict has resulted in significant human suffering, with over 2,000 people killed in Iran since the war began on February 28.The situation remains volatile, with Trump threatening 'hell' on Tehran if a deal is not reached by the end of Tuesday. The international community is closely watching the developments, as the Strait of Hormuz remains a critical artery for global fuel supplies, with over 20 percent of the world's oil and gas passing through the waterway.