Business
Asia Markets Reel as Energy Shock Fears Escalate
Asian equities tumbled as investors braced for the economic fallout of widening conflict in the Middle East, which has already sent oil prices soaring and rattled currency markets.
- Asian markets faced sharp declines as Seoul’s benchmark plummeted 4%, pushing its two-day losses past 11%, driven by a downturn in memory chipmakers. Meanwhile, Japan’s Nikkei slid 2.5%, marking its third consecutive session of losses.
- Currency and Commodities Pressure The South Korean won hit a 17-year low. Brent crude surged more than 12% this week, trading near $81.40 per barrel. Gold steadied at $5,128 an ounce after a sharp overnight drop.
- Geopolitical Drivers U.S. and Israeli forces continued strikes on Iran, while Iranian drones and missiles targeted Gulf oil refineries and U.S. embassies in Saudi Arabia and Kuwait. Washington announced measures to secure Gulf shipping, including possible naval escorts for oil tankers.
- Global Market Reactions Wall Street’s S&P 500 closed 0.8% lower, while European futures rose 0.8%. The euro slipped below $1.16, and European gas prices jumped 65% in two days, raising inflation concerns.
- Investor Outlook Analysts warn that sustained high energy prices could delay interest rate cuts, forcing investors to unwind positions in gold and chipmakers to cover losses elsewhere.
The escalating Middle East conflict has triggered a wave of uncertainty across global markets, with Asia bearing the brunt of investor anxiety. Rising oil prices and currency volatility are compounding fears of prolonged inflationary pressures. Unless geopolitical tensions ease, the outlook suggests continued instability, leaving policymakers and investors alike facing difficult decisions in the weeks ahead.
This uncertainty has led to a flight to safe-haven assets, with gold prices surging and government bond yields fluctuating as investors seek stability. Meanwhile, equity markets across Asia have experienced sharp declines, particularly in sectors sensitive to energy costs and global trade. Central banks in the region may face mounting pressure to adjust monetary policies to counteract inflationary risks, even as they strive to support economic growth. In this volatile environment, businesses are bracing for potential disruptions in supply chains and increased operational costs, further complicating recovery efforts in post-pandemic economies.
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United Airlines Warns Travelers of Potential 20% Fare Hike Due to High Oil Prices
Airfares could soon rise sharply as United Airlines warns that high oil prices may force ticket increases of up to 20%, putting pressure on travelers and the broader airline industry.
Speaking in a recent interview, CEO Scott Kirby said the company is preparing for fuel costs to stay high for a long time, especially as global tensions continue to push oil prices upward.
If that happens, airlines may have no choice but to pass those costs on to customers.
“That would require prices to be up 20%, to break even to cover that cost,” Kirby said, pointing to the growing financial strain from fuel expenses, NY Post reported.
Jet fuel is one of the biggest costs for airlines. When oil prices rise, it becomes much more expensive to operate flights. Kirby warned that if fares increase, fewer people may choose to travel.
“There will be less demand. There’ll be fewer people traveling as prices go up,” he said.
For now, travel demand remains strong. Kirby noted, “Demand is incredibly strong right now,” but added that the airline is planning ahead in case conditions change.
United Airlines CEO Scott Kirby said ticket prices may have to go up by 20% if jet fuel prices remain elevated for longer https://t.co/WPmNuUmZ0R
— Bloomberg (@business) March 24, 2026
United Airlines Cuts Flights as Fuel Costs Surge
United has already cut about 5% of its flight capacity, removing routes that are not making enough money to cover rising fuel costs.
“There’s just no point in flying flights that are gonna lose money,” Kirby explained, emphasizing that the airline is focusing on efficiency.
According to FoxBusiness, the company expects oil prices could remain above $100 per barrel through next year and may even climb as high as $175 in a worst-case scenario.
If that happens, Kirby described it as a “stress event” for the airline industry, though still not as severe as the impact seen during the COVID-19 pandemic.
Unlike some airlines, United does not rely heavily on fuel hedging. Kirby said the company’s size makes it difficult to hedge without affecting the market. Instead, United has built up its cash reserves to handle unexpected cost increases.
The airline estimates that current fuel prices could add about $11 billion in expenses. To offset that, ticket prices would need to rise significantly, which could change how people plan trips.
Experts say higher fares may push families to rethink vacations or choose closer destinations. While business travel may continue, everyday travelers could feel the biggest impact.
Originally published on vcpost.com
Business
Ken Griffey Jr leads Primo Brands’ national MLB hydration campaign
Check out what’s clicking on FoxBusiness.com.
With the 2026 MLB season getting started on Wednesday night, baseball’s first-ever “CEO of H2O” has been appointed by Primo Brands, and it happens to be one of the smoothest-swinging players of all time.
Primo Brands, a leading North American branded beverage company whose water brands serve as the official water of MLB for the third straight season, has appointed Ken Griffey Jr., the National Baseball Hall of Fame outfielder who belted 630 home runs throughout his storied career, as the “CEO of H2O” in its new national campaign.
The new campaign marks the first time all six of its regional spring water brands – Arrowhead Spring Water (West Coast), Poland Spring Water (Northeast), Ice Mountain Spring Water (Midwest), Deer Park Spring Water (Southeast, Mid-Atlantic), Ozarka Spring Water (Texas) and Zephyrhills Spring Water (Florida) – come together to celebrate America’s Pastime.
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Baseball Hall of Famer Ken Griffey Jr. pitches healthy hydration in a new campaign from Primo Brands, with the campaign marking the third consecutive year that Primo Brands’ water brands are the Official Water of Major League Baseball, and the first (Primo Brands / Fox News)
The premise of the campaign by Primo Brands is to elevate healthy hydration as millions of fans return to their respective ballparks to watch their favorite teams all season long. Whether in the stands, or watching at home, hydration is key, and Griffey is excited to lead the charge in his new role.
“I’m so excited for fans to see what I’m working on with Primo Brands,” Griffey said in an exclusive statement to FOX Business. “Healthy hydration is critical for the players on the field, the young people working to get better at the sport, and the fans in the stands. It’s an honor to be the first ever Baseball CEO of H2O. I’ll be working with Primo to tell that hydration story through all of their regional spring water brands all over the country.
“Today is the start, but there will be much more throughout the season – follow along with Primo to see how we’re promoting healthy hydration all season long.”
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PRMB | PRIMO BRANDS | 18.51 | -0.28 | -1.49% |
Throughout the MLB season, Griffey will be engaging with fans across social platforms, sharing fun trivia for a chance to win monthly prizes, and of course, making a special red carpet appearance during MLB All-Star Week. This year’s festivities will take place in Philadelphia at Citizens Bank Park.
A 30-second national ad will also be shown, as Griffey puts together the ultimate spring water team through Primo Brands roster.

Hall of Famer Ken Griffey Jr. is introduced during the 2025 National Baseball Hall of Fame and Museum Induction Ceremony at Clark Sports Center on Sunday, July 27, 2025 in Cooperstown, New York. (Mary DeCicco/MLB Photos / Getty Images)
“Baseball is woven into communities across the country, just like our brands,” said Primo Brands chief marketing officer Kheri Tillman. “In our third year as the Official Water of MLB, and with Ken Griffey Jr. as Baseball’s CEO of H2O, we’re building on that foundation to unveil a national campaign that connects fandom and healthy hydration with the star power of one of the greatest in the game.”
Uzma Rawn Dowler, CMO and senior vice president of global corporate partnerships with MLB, added: “By uniting its regional spring water portfolio and tapping a baseball icon like Ken Griffey Jr., Primo Brands is showing it knows how to bring energy and authenticity to our partnership. We’re excited to continue telling the Primo Brands story through a baseball lens on our platforms while celebrating the role hydration plays in the game.”

Baseball’s first-ever CEO of H2O, Hall of Famer Ken Griffey Jr., pitches healthy hydration in a new campaign from Primo Brands. (Primo Brands / Fox News)
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As the New York Yankees and San Francisco Giants kick off the 2026 MLB season on Wednesday night in the Bay Area, Griffey and Primo Brands will be working together to celebrate healthy hydration for players and fans like it’s a walk-off home run.
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