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Early April, Russia increases oil exports through western ports despite drone attacks
Trading and port sources reported that Russia's crude exports increased in early April, compared to March. Calculations also showed this, despite the disruptions to loadings caused by drone attacks on energy infrastructure. In late March, Ukraine increased drone attacks against Russian oil export ports on the Baltic Sea, Black Sea, and major Russian refineries. This could lead to the state cutting its crude production due to disruptions in supply chains. Three trading sources and port sources reported that the Baltic ports of Primorsk, Ust-Luga and Novorossiisk loaded a total of about 2 million barrels of crude oil per day in the first seven days of April. This compares to a daily average of around 1.9 million barrels in March. Sources claim that Primorsk was the main source of the loadings. The city had been hit by a UAV attack late in March but resumed loadings soon after. After a drone strike on March 25, oil loadings were stopped at Ust-Luga. They resumed only?April 6 leaving very little oil at the beginning of the month. After a suspension of four days due to a drone strike, Russia's Black Sea Port?Novorossiisk re-started fuel and oil loadings at its Sheskharis terminal late Thursday. Sources said that a sudden increase in Primorsk loadings?in April and high export volumes from Novorossiisk in the first few days of the month before a drone strike have helped to offset the Black Sea exports halt. The Sheskharis Terminal was the target of a major drone attack in early March. This led to a five day halt on crude loading and delays with exports. (Reporting and Editing by Emelia Matarise Sithole)
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City Airlines strikes pay deal as Lufthansa strikes, disrupting tens thousands of passengers
Cabin crew from 'Lufthansa' and its regional unit Lufthansa CityLine went on strike for a full day, while Lufthansa City Airlines signed its first contract. The union UFO organized the industrial action, which will run from midnight to 10:00 pm (2000 GMT). Fraport, operator of Frankfurt Airport said on Friday morning that 580 flights had been cancelled. This affected 72,000 passengers, out of the 1,350 scheduled flights, and the 155,000 'passengers' expected for the day. Fraport said that the figures are for all airlines at the airport and not just Lufthansa. They may change throughout the day. CITY AIRLINES SHARPLY CONTRASTS WITH OTHER AIRLINES CityLine cabin staff walked out in nine airports, while the Lufthansa strike affected both Frankfurt and Munich, its major hubs. Jens Ritter, the brand chief of Lufthansa, criticized the strike as being "completely out of proportion." UFO negotiators claimed that escalation is inevitable due to the stalled talks. The walkout is in stark contrast to the developments at Lufthansa's newest subsidiary, City Airlines. There, Verdi, a rival union, secured the first collective wage agreement for 500 cabin and cockpit staff. Verdi stated that the deal reached last week after marathon talks will increase basic salaries between 20% and 35 % in three stages until March 2029. It also includes additional days off, more vacation, improved rostering, and expanded pension support. Impact of?Low-Cost Competition The differing?fortunes between the two subsidiaries are a reflection of a wider restructuring within the Lufthansa group. CityLine has historically handled short-haul flights and long-haul routes in Europe. CityLine's feeder operations will be transferred to City Airlines. City Airlines was founded in 2022 as an alternative cost-effective solution for the growing competition in Europe's Aviation Industry. CityLine staff are angry about the closure plan, as they fear losing their jobs and an uncertain future. (Reporting and writing by Klaus Lauer, Kirsti Knolle, Miranda Murray and David Holmes).
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Gains in UAE stocks ahead of US-Iran talks
As U.S.-Iran talks begin in Pakistan, and Israel is seeking to talk with Lebanon, the equity markets of the United Arab Emirates rose a little on Friday. This raised hopes for an easing of Middle East tensions and a reduction of the risk of disruptions in the Strait of Hormuz. On Saturday, delegates from Washington and Tehran will hold talks in Pakistan. Benjamin Netanyahu, Israeli Prime Minister, said on Thursday that he was'seeking direct discussions with Beirut. A day after the worst bombing of the war in Lebanon killed more than 300 and put Donald?Trump’s U.S. Iran ceasefire at risk. Dubai's main stock market recovered from early losses to close 0.4% higher. This was aided by gains in financial and industrial stocks. Air Arabia, a low-cost carrier, jumped 4.8% while Emirates NBD Bank, the largest lender in the UAE, climbed 3.4%. Abu Dhabi's benchmark stock index rose 0.02%, boosted by gains of 4.1% in the hypermarket operator Lulu Retail Holdings and 3.9% in Dana Gas. The?index's gains were hampered by a decline of 3.1% in Aldar Properties, the UAE's largest real estate firm. Due to the Iran crisis, Dubai has limited foreign airlines to only one flight per day to its airports. This has caused Indian carriers to be concerned about revenue losses, as they had more flights planned than any other airline. According to LSEG, the Dubai index grew by 4.2%, its biggest weekly gain in over ten months. Abu Dhabi also posted a 2.5% weekly increase.
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Turkish Airlines replaces its CEO and Chairman, but withholds dividends citing geopolitical risk
Turkish Airlines underwent a major management revamp, replacing its CEO and Chairman, while also opting not to pay dividends from earnings in 2025, citing increased uncertainty across the operating environment, as well as geopolitical instability. Ahmet Olmustur has been named CEO of Turkey's airline following the retirement from Bilal Eksi, who was previously Chief Commercial Officer. Turkish Airlines announced to the Public Disclosure Platform that Murat Seker, the new chairman of the board who replaces Ahmet Bolat (who resigned), was named. Changes are being made as the aviation industry struggles with fuel prices that fluctuate, capacity constraints and persistent disruptions caused by conflicts in the Middle East. The board appointed Metin Gulsen as the 'chief financial officer'. Harun Basturk was previously a senior vice-president for regional sales and had been named senior vice-president of accounting. The airline announced in a separate statement that it would not distribute any dividends from its net profit of 2.65 billion dollars ($118.2 billion) for 2025. Instead, they will retain the earnings to conserve cash. The company stated that the decision was made because it believed that maintaining a solid cash position would better serve the long-term interest of shareholders given the current war in the Middle East and the uncertainty this brings. Turkish Airlines has been paying out dividends to its shareholders for the past few years. The last time Turkish Airlines did not pay a dividend was in 2023. In 2025, it approved a cash payout of?6.88 Lira ($0.1540), per share from its 2024 profits. Turkish Airlines shares rose 1.1%, while Turkey's BIST 100 index grew 1.37%
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Sources say that the Black Sea port of Novorossiysk has partially resumed oil and fuel loadings following a drone attack.
Two sources familiar with port operations said that Russia's Black Sea Port?of Novorossiysk?partially resumed oil and fuel loadings? from its Sheskharis Terminal?later?on Thursday? after this week's suspension due to a drone strike. Sheskharis, Russia's largest oil terminal with a capacity to load 700,000 barrels of crude oil per day, suspended oil loadings Monday following a Ukrainian drone attack that started fires in a fuel terminal and at some berths. Oil tanker loading resumed on one berth and only a single cargo of about 80,000 tons is expected to leave Friday. After the strikes, the oil loading schedule would?be trimmed?and it was not clear when the port's full operation could resume. Sources confirm that Novorossiysk resumed oil and fuel loadings as well on Thursday. One of the sources stated that a?diesel?load was also made from?the?port this week.
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German Minister rejects windfall taxes idea, pushes commuter tax breaks
The German economy minister proposed on Friday giving higher tax incentives to 'commuters' but rejected proposals from 'the junior coalition partner of the government for an energy windfall tax', bringing into the open a dispute about how to combat soaring fuel costs. Germany, Europe's biggest economy, was already suffering from a weak global growth rate and tariff disputes. The Iran War has caused the largest-ever disruption in global energy supply. The measures must be targeted. The measures must be targeted at the areas that are most affected. Katherina Reiche, Economy Minister, told reporters that commuters and the "logistics sector" are among them. Germany offers commuters tax breaks that are calibrated based on the distances they travel. They can deduct a portion of their driving costs between home and a primary work place from their taxable income. Reiche, highlighting tensions between the conservatives of Chancellor Friedrich Merz and the Social Democrats of Finance Minister Lars Klingbeil, branded Klingbeil’s proposals as "expensive" and "ineffective". Klingbeil proposed an energy windfall-tax, hoping to regain policy initiative after his party suffered painful losses at two regional elections in this year. Reiche stated that the proposal violated Germany's Constitution. She said: "I categorically oppose the windfall tax." Esra Limbacher, the Deputy leader of the Social Democrats' group in parliament, said Reiche wasn't fit for her position. Limbacher said to the Rheinische Post that it was regrettable that an economics minister viewed herself as representing the oil companies, instead of working together with her coalition partner to provide relief for many small businesses. Reiche, also the energy minister, has called for a temporary reduction in diesel taxes on trucks and more direct payments for people who travel long distances for work. Germany has already taken some measures. One of them is limiting petrol prices to one increase per day. (Reporting and editing by Matthias Williams, Christina Fincher and Kirsti Knolle)
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Ghana cuts fuel taxes as Iran war drives up prices
Ghana will remove certain fuel taxes and charges levied by retailers and distributors along the?supply?chain to cushion consumers?from the rising pump?prices caused by the?Middle?East Conflict, said government spokesperson Felix Kwakye Ofosu on Thursday. He said that the measures will be implemented within a week. However, the exact levies that are to be eliminated won't be determined until stakeholder consultations have been held in the next few days. Ghana imports 70% of its refined fuel. It is one of many African countries that have seen steep increases in pump prices as a result of the U.S./Israeli war against Iran. The National Petroleum Authority raised the mandatory minimum prices for the April 1-15 pricing window. This pushed petrol up by around 15%, to 13.30 Cedis ($1.21) a litre (0.26 U.S. gal), and diesel up by roughly 19%, to 17.10 Cedis ($1.55). In approximately one week, the government will consult with stakeholders ahead of the next "pricing window". We know the exact amount. Kwakye said that it would be significant. The suspension would be for the first four weeks and then the government would review. He said that the Iran conflict was the sole cause of the price increases. Transport Minister has been asked to expedite the deployment of Metro?Mass Buses along high-traffic routes, with fares that are lower than those charged by private operators. This will ease commuters' burden. Reporting by Emmanuel Bruce, Editing by Clement Bonnerot & Elaine Hardcastle
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Starmer and Trump discuss military options in the Strait of Hormuz
Keir Starmer, British Prime Minister, said on Friday that he had discussed military capabilities and logistics of moving ships through the Strait of Hormuz with U.S. president Donald Trump the day before. Starmer stated during his visit to the Gulf that "we've been pulling a coalition together of?countries... working on an?political, diplomatic plan... but also?looking into military capabilities and... the logistics of moving vessels through the Strait." "That was the main focus of last night's discussion - a reflection on the topics I have been discussing, as well as a focus on implementing a practical plan in relation to navigation across the Strait." He didn't provide any further details. Starmer didn't answer directly when asked if he had discussed the U.S. threat of a?withdrawal?from NATO, but he did say that the alliance was both in?the U.S. as well as Europe's interest. He said that NATO is a defensive alliance 'which has kept us safer than we otherwise would have been for decades.
As flights to the Middle East cease, governments plan repatriations
Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted governments to plan for repatriations.
Here is what government officials, airlines and governments have said regarding repatriation plans.
AUSTRIA
Austria's Foreign Ministry?said that it had helped 117 vulnerable citizens leave the UAE and Israel through neighbouring countries and planned a charter flight for?170 passengers from Muscat on 4 March. It warned, however, that travellers would have to take land departures at their own risk.
BULGARIA
GullivAir and Bulgaria Air, as well as the State Aviation Operator, returned Bulgarians from Dubai and Abu Dhabi on March '4 and '5 including a GullivAir flight with 326 seats from Dubai and a Bulgaria Air Boeing 737 via Oman. A 90-seat government plane from Abu Dhabi was also included.
CZECH REPUBLIC
According to CTK and government officials and the Czech news agency, three flights have been organised from Oman, Jordan, and Egypt for 175 people who are stranded.
ESTONIA
On March 4, the Estonian foreign ministry announced that it had organized a flight from Muscat to Oman on March 5. This would be open to Estonian citizens living in Oman or the United Arab Emirates.
EUROPEAN UNION
The European Commission announced that it is now coordinating the repatriation of citizens under the EU Civil Protection Mechanism, as more and more member countries request assistance to evacuate their citizens from the Middle East.
Austria, Belgium Bulgaria, Cyprus Czech Republic, France Italy Luxembourg, Romania, Slovakia, and Slovakia are the countries that have activated this mechanism. A spokesperson for the EU said that ten flights with over 1,000 EU citizens had already landed in Europe.
FINLAND
The?foreign minister said that Finland would organise one single flight to bring home the approximately 3,000 Finns currently living in the United Arab Emirates. The flight will leave Muscat, Oman on 8 March.
Finnair announced on 6 March that it would be operating flights from Muscat in Oman to Helsinki, to help customers stranded at Dubai get home. The first flight will take place on March 10 with additional flights scheduled later in the week.
FRANCE
The French Foreign Minister said that several flights to bring back French nationals who are estimated to number around 400,000 in the area were scheduled for March 4.
France has deployed consular teams to Israel's border with Egypt and Jordan in order to facilitate the land exits for people who want to fly onward. A similar mechanism has been put in place in the UAE, at the borders with Oman, Saudi Arabia and Oman, where airspace remains open.
GERMANY
Johoann Wadephul, German Foreign Minister, announced that two more flights, each carrying about 250 passengers, are planned for the 5th and 6th of March from the Gulf after the first flight landed in Frankfurt on March 5. The commercial air traffic has increased, and Germany is evaluating how it can offer more support.
GREECE
Greece announced on 6 March that it had repatriated on 5 March 315 nationals who were in Abu Dhabi, Dubai and Jerusalem. Earlier this week, 162 people had returned to the Middle East.
HUNGARY
The foreign ministry of Hungary said that 87 people had been repatriated from Amman in Jordan on March 4. Another flight carrying 88 passengers is scheduled for March 5.
On March 6, a flight will depart from Sharm es Sheik in Egypt. Hungary signed a deal with Flydubai to rent a plane on March 5 and 6 for Hungarians returning from Dubai. On March 7 and 8, Hungary will be departing from Riyadh in Saudi Arabia with two flights.
The Italian Foreign Ministry said that about 2,500 Italians had returned from Abu Dhabi and Riyadh on commercial flights organized by the ministry.
The consulate has increased its staff in Oman and in the UAE, and it is also coordinating the return of large groups from the UAE, and other transiting via land through Qatar Kuwait Bahrain and Saudi Arabia. Additional Italians living in Oman Israel the Maldives, Thailand and Oman are receiving assistance or being given priority for transport.
Netherlands
The Dutch Ministry of Foreign Affairs announced that repatriation from the Middle East would resume on 6 March. Flights include a KLM flight to the Omani capital Muscat and a TUI service from Sharm el-Sheikh in Egypt.
POLAND
Operational Command of the Polish Armed Forces reported that the first group of Polish citizens evacuated from the Middle East by military airlift arrived in Poland early on 6 March morning.
PORTUGAL
The foreign ministry of Portugal said that a charter TAP flight carrying 140 Portuguese and eight foreigners would land at Lisbon at 11 am local time on March 6th.
ROMANIA
The Romanian Foreign Ministry announced on 4 March that FlyDubai had scheduled two flights from Dubai to Bucharest for March 4 and 5. The ministry has received over 3,000 requests for repatriation and there are around 16,000 Romanians in the region.
SERBIA
Air Serbia's flight from Sharm el-Sheikh landed at Belgrade in the early hours of March 4 with 67 passengers. All were evacuated from Israel.
SLOVAKIA
The Slovakian government has "conducted six repatriation flight with 248 passengers. Of these, 189 were Slovaks and the remainder of different nationalities. The Foreign Ministry announced late Thursday that eight additional evacuation flights from Jordan, Oman, and Saudi Arabia were scheduled by the end the week.
SLOVENIA
The prime minister's office announced that on March 3 four buses were organized by Slovenia to transport Slovenian citizens, including families with children, from Dubai to Muscat Airport in Oman.
Two more flights are scheduled for the afternoon and evening of March 4.
Jose Manuel Albares, the Foreign Minister of Spain, announced on March 3 that Spain had begun to evacuate its citizens from the Middle East. On March 3, evening, more than 175 Spanish citizens arrived in Abu Dhabi via Istanbul. Further flights are expected to arrive from the UAE.
Albares said that Spain would also reinforce its embassies located in the UAE and Saudi Arabia to support and facilitate future repatriations.
SWEDEN
Sweden will charter an aircraft to bring 180 Swedes back home who have been identified as vulnerable. The flight is scheduled to leave Dubai on 7 March.
THAILAND
Thailand will evacuate its citizens from Iran to Turkey by land on 7th and 10th March, while those stranded are either returning to their home countries or will do so once the airspace is reopened.
UNITED ARAB EMIRATES
State news agency WAM reports that the UAE Civil Aviation Authority will start operating "special flight" across all airports in the country to assist some of the tens and thousands of passengers stuck in the region.
UNITED KINGDOM
The British Foreign Office announced that British chartered flight will leave Oman on 5 March after technical delays on 4 March, prioritising vulnerable UK citizens who want to depart the region.
(source: Reuters)