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India Hikes Rates for First Time Since 2023 on Middle East Energy Pressures
Valor Econômico·IN·2 days ago
Ryanair CEO Michael O'Leary warned that high jet fuel prices may persist for another 12-18 months due to the war with Iran, driving further airfare increases. The warning reflects sustained supply-side pressure on energy markets from the conflict, though it is a corporate forecast rather than a hard data point. If realized, it implies prolonged inflationary pressure on transport costs and consumer prices.