Few vessels are crossing after Iran reversed course on reopening the vital waterway and ships came under attack.
Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
The Emirates’ reputation as a safe destination in a volatile area was put to a brutal test in recent days as Iran, retaliating against U.S.-Israeli attacks, targeted the region with missiles and drones.
Higher fuel prices and lower demand for international flights are expected to eat into airlines’ profits.
A major hub in Dubai has suspended operations following U.S.-Israeli strikes on Iran. The sweeping closures are stranding passengers.
A major hub in Dubai has suspended operations following U.S.-Israeli strikes on Iran. The sweeping closures are stranding passengers.
Nearly half of all Qatar Airways flights were canceled on Tuesday, causing headaches and confusion around the world.
Nearly half of all Qatar Airways flights were canceled on Tuesday, causing headaches and confusion around the world.