The workers at Inpex’s Ichthys plant, which is one of Australia’s largest, are voting on Friday for a new agreement that, if rejected, could result in a strike. Workers at the 9.3 million ton LNG plant voted for the closure of the plant, which is associated with its facilities. The Iran war has caused significant LNG volumes to be removed from the market. Another plant in Australia - the world's number one LNG exporter - also closed. The world's No. 2 LNG exporter is operating below capacity because of cyclone damage. Offshore Alliance members, a group of unions, expressed their...

Nigerian airlines will cease all flights on April 20 unless the crippling jet fuel price, which they accuse the country's "fuel marketers" of artificially increasing, is reduced. Airline Operators of Nigeria (an industry group consisting of around 12 mainly domestic carriers) complained to the Major Energies Marketers Association of Nigeria in a letter dated April 14 that jet fuel had increased by approximately 270% since February. The price of oil and fuel has risen since the start of the Iran War, because the conflict is preventing shipping through the Strait of Hormuz. In a letter to AON, the company called...

El 'Al Israel Airlines announced on Thursday that it would exercise its option to 'buy six additional 787-9 Dreamliner planes from Boeing. The airline cited a long-term strategy for increasing capacity and improving profitability. Israel's flag airline?also announced that it would expand?its agreement with Boeing, including an?option to buy up to six additional 787 aircraft. El Al currently has 17 787 aircraft in its fleet. The company expects to have 28 aircraft by the end of the decade, and up to 34 in the future. El Al signed an $1.25 billion contract with Boeing in 2016 for a 'first order'...

Investors weighed the growing optimism about a possible agreement to end the 'Iran war', backed by increasing U.S. sanctions on Tehran ahead of future talks. U.S. president Donald 'Trump' said that the war he launched with Israel in late February is nearly over. This was despite the fact that the shipping blockade announced by him had come into effect, and the traffic through the Strait of Hormuz was still far below normal. Washington warned that it may impose secondary sanctions against buyers of Iranian crude oil in advance of future negotiations, only weeks after easing some Iran energy sanctions. After...

EasyJet, a British budget airline, warned on Thursday that it had suffered a larger 'headline pretax loss for the first six months of the year than a year ago. This was due to the soaring fuel prices caused by the Middle East conflict and increased 'legal provisions. The airline is expecting a headline loss before tax of 540-570 million pounds ($733.3-$760.5) in the first half. This is higher than?the loss of 394 million pounds reported a year ago. The U.S. and Israeli war on Iran sent jet fuel prices soaring by as much as 200 dollars a barrel over the...

These are the most popular?stories from the Wall Street Journal. ? The?author of these stories has not?verified them and does not vouch for their?accuracy. Viva Energy in Geelong has suffered a major fire that engulfed a large part of its oil refinery. This is raising concerns about the availability of oil in Australia, at a time when the Middle East conflict is causing a shortage. Spirit Airlines has begun discussions with its creditors who are looking at options, including the possibility of liquidating the airline. A New York jury ruled on Wednesday that Ticketmaster, its parent company Live Nation, and...

Officials said that the European Union was drafting plans in order to combat a possible shortage of jet fuel and maximize refinery production. As a result, European airlines have warned that jet fuel shortages could occur within weeks. This will disrupt travel ahead of summer. Europe imports more jet fuel than any other fuel, 75% of which comes from the Middle East. The European Commission plans to introduce EU-wide mapping for refining capacities of oil products from next month. It will also introduce measures "to make sure that existing refining capability is fully utilized and maintained", according to a draft...

Bloomberg News reported that Spirit Aviation Holdings, the parent company of Spirit Airlines, was 'at risk of liquidation due to rising jet fuel prices caused by the Middle East war. This could put further pressure on the finances. Spirit is still in talks with its creditors and a decision could be made as soon as this week. However, the situation remains fluid, according to the report, which cited people with knowledge of the matter. Spirit Airlines declined ?a request for comment. The news comes as the low-cost carrier continues to restructure its business in order to cut costs and stabilize...

Shipping data revealed that a second U.S. sanctioned supertanker entered the Gulf through the 'Strait of Hormuz', despite the U.S. ban on visiting Iranian ports. The U.S. president Donald Trump announced the ban on Sunday, after the weekend talks between the U.S. government and Iran in Islamabad failed to produce a result. U.S. Central Command stated on X, that since Monday's start of the blockade, 10 ships had been turned around. Iran's Fars News Agency reported on Wednesday that despite the blockade, an Iranian supertanker under U.S. sanction crossed the strait to Iran's Imam Khomeini Port despite the sanctions. Fars...

Arxis, a maker of aerospace?parts in the United States, announced on Wednesday that it raised $1.13 bn. through its initial public offering. The Bloomfield, Connecticut based company sold 40,5 million shares at the upper end of the price range between $25 and 28 per share. The listing is a result of the aerospace suppliers tapping equity markets to finance expansion, and meeting rising demand from commercial aircraft and defense customers. Investor appetite for industrial listings remains strong. In the meantime, increased geopolitical tensions have changed the demand for aerospace and defense equipment. As countries increase military spending, investors are turning...

The U.S. and Israel war on Iran is causing financial strain on Australian and New Zealand companies, with higher fuel prices increasing inflation, reducing consumer confidence and affecting corporate earnings. Two of Australia's largest companies, Qantas Airways and Westpac?Banking Corporation, warned Tuesday that their earnings may be affected by the soaring price of fuel and by consumers who are struggling with high prices and borrowing rates. Below are some of the Australian and New Zealand companies that have flagged an impact on the Middle East conflict. Air New Zealand New Zealand's Flag carrier announced a price increase in March after...

Karoline Lavitt, White House Press Secretary, told reporters that the Trump administration "doesn't have an opinion" on reports United Airlines was considering merging with rival American Airlines. Leavitt stated, "I understand that the idea has been put forward by the private sector.?But it is not something on which the White House or the President have an opinion. Two sources claim that United Airlines CEO Scott Kirby discussed the possibility of merging with American Airlines in a late-February meeting with U.S. president Donald Trump. This raises the prospect of a deal which could reshape the industry, but will likely face regulatory...