Package holiday operator Jet2 sees a 7.1% rise in summer bookings compared to last year, attributed to a fragile Middle East ceasefire and a European heatwave. Despite renewed Middle East tensions and EU border system delays, bookings have recovered across all destinations, with Turkey, Cyprus, and Greek islands showing the strongest rebound.
Package holiday operator Jet2 has seen a 7.1% increase in summer bookings compared to last year, attributing the bounce-back to a fragile ceasefire in the Middle East and pent-up demand. Despite some EU border control issues, the company reports strong recovery across all destinations.
South Korea is consulting with the U.S. and Iran on passage through the Strait of Hormuz following a preliminary ceasefire deal in the Middle East. The government is assessing security conditions and prioritizing the safety of its vessels and sailors.
Iran declared the Middle East war ceasefire 'practically meaningless' following fresh US strikes, prompting regional retaliation. Mediators pursue backchannel talks amid escalation, with the US stating it will negotiate with bombs if necessary. Iran renewed threats over the Strait of Hormuz.
The US and Iran engaged in military exchanges, threatening the fragile ceasefire in the Middle East. The US intercepted Iranian drones heading towards the Strait of Hormuz and struck Iranian coastal radar installations. Iran retaliated with missile strikes against 'enemy bases' in Kuwait and Bahrain, with six out of seven missiles intercepted. The escalation jeopardizes efforts to stabilize the region and reopen the strategically crucial Strait of Hormuz, impacting global energy markets.
US President Donald Trump suggested that a ceasefire in the Middle East means 'shooting in a more moderate manner,' downplaying recent military exchanges involving Iran and US bases. He stated the armistice remains in force despite ongoing hostilities.
US President Donald Trump suggested that a ceasefire in the Middle East can mean 'shooting in a more moderate manner' amid recent military exchanges with Iran, including strikes on a tanker and Iranian bases.
Asia-Pacific markets opened higher Tuesday amid hopes for Middle East conflict resolution, even as US-Iran tensions escalate. Iran's parliament speaker Mohammad Bagher Ghalibaf warned that Tehran will not accept negotiations under threats and has prepared to reveal 'new cards on the battlefield.' This follows President Trump's warning that 'lots of bombs start going off' if no deal is reached before the shaky ceasefire expires Tuesday evening.
