Business
Colombia military plane crash kills 66, four still missing
Business
Oil Futures Retreat On Middle East Conflict Seen Easing
1518 ET – Oil futures fall with Brent settling under $100 a barrel as President Trump postpones threatened attacks on Iranian energy infrastructure, citing positive dialogue with Iran. Iran’s denial it’s in talks with the U.S. tempered early losses. “The markets continue to interpret the conflicting headlines as an indication that we are closer to an end than we were on Friday, but apprehension remains high,” Arlan Suderman of StoneX says in a note. Parties to the conflict are operating on both the battleground front and the public opinion front, he says. “This is all part of what we call the ‘fog of war’ when one has to take everything one hears with a grain of salt, focusing on actual developments.” WTI settles down 10% at $88.13 a barrel and Brent falls 11% to $99.94, their lowest closes since March 11. (anthony.harrup@wsj.com)
Oil Futures Stem Decline As Supply Issues Remain
Oil futures are lower but with Brent holding above $100 a barrel as initial optimism about President Trump’s postponement of threatened attacks on Iranian energy facilities wanes. “It appears that the possibility of a strong Iranian response to the U.S. threats was enough to prompt Trump’s latest decision,” Ritterbusch & Associates says in a note. “A prompt reopening of the Strait of Hormuz remains questionable as will the volume of tanker traffic capable of proceeding through the strait in the coming weeks.” WTI is down 7.1% at $91.25 a barrel and Brent is down 7.8% at $103.41.
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Business
JetBlue flight returns to Rhode Island airport after hitting coyote on runway
JetBlue passenger Desiree Salter posted video of her blessing a plane with oil to social media on Feb. 15, and the video has gone viral following recent flight incidents. Credit: @desireesalter /TMX
A JetBlue flight was forced to turn back shortly after takeoff Tuesday after reportedly striking a coyote on the runway at a Rhode Island airport.
JetBlue Flight 1129, bound for New York’s JFK Airport, struck the animal while taking off from T.F. Green Airport Tuesday morning, according to WPRI-TV. Although the aircraft initially continued its climb, it returned to Rhode Island about 15 minutes later.
Erin Drozda, a passenger on the flight, said she heard “a thud” during takeoff.
“We were up in the air for 10 to 15 minutes, and then all of a sudden the captain came on and said, ‘This is the flight crew. If anyone heard that thud, we hit a coyote, and we are now on our way back to Providence,’” she told the station.
FATAL LAGUARDIA COLLISION RENEWS FOCUS ON RUNWAY INCURSION RISKS ACROSS US

A JetBlue flight returned to a Rhode Island airport after a reported wildlife strike during takeoff on March 24. (AaronP/Bauer-Griffin/GC Images / Getty Images)
“We thought it was a joke at first,” she added. “You don’t ever hear that.”
Drozda said emergency crews were waiting on the runway when the plane returned.
She said crews inspected the nose of the aircraft for damage before asking passengers to deplane so a full inspection could be completed.
UNITED AIRLINES SLASHES FLIGHTS AS IRAN WAR SENDS FUEL PRICES SOARING

JetBlue planes at LaGuardia Airport (LGA) in the Queens borough of New York on Dec. 26, 2025. (Michael Nagle/Bloomberg via Getty Images / Getty Images)
“We got off the plane and stayed inside for about another half hour or so, and then they told us that everything was OK, and we were able to get back on the plane,” she told the station.
According to FlightAware data, the plane departed Rhode Island around 6:16 a.m. and returned to T.F. Green at 6:40 a.m. It took off again just after 8:30 a.m. and landed at JFK at 9:06 a.m.
Drozda said the delay caused her and her wife to miss a connecting flight to Costa Rica, though they were able to rebook for Wednesday.
A spokesperson for T.F. Green Airport told CBS News the incident did not impact other flights.
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JetBlue Flight 1129 returned to T.F. Green Airport about 15 minutes after takeoff after reportedly striking a coyote on the runway. (Joe Raedle/Getty Images / Getty Images)
JetBlue said the aircraft returned “out of an abundance of caution” after a report that the landing gear made contact with wildlife during takeoff. The airline added the flight landed safely and no issues or injuries were reported.
FOX Business has reached out to JetBlue and T.F. Green Airport for additional information.
Business
Perth Bears jersey date revealed, Storm eye corporate networking opportunities during August clash against Manly Sea Eagles at HBF Park
ANALYSIS: The Perth Bears have announced when and where fans will be able to view and purchase their inaugural on-field jersey.
Business
How to Make Sure You Have Enough to Retire, No Matter What
How to Make Sure You Have Enough to Retire, No Matter What
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Gas Prices Soar, Market Loses Over $300 Billion
SYDNEY — Australia is absorbing significant economic losses from the ongoing US-Iran war, with petrol prices hitting record highs near A$2.20 per litre, inflation forecasts revised upward by as much as 1.25 percentage points and more than A$300 billion wiped from the share market since fighting erupted in late February 2026, even as the nation’s role as an energy exporter provides some offsetting gains in commodity revenues.

Pixabay
The conflict, which began with US and Israeli strikes on Iranian targets on Feb. 28, has disrupted roughly one-fifth of global oil supplies through repeated threats to and partial closures of the Strait of Hormuz. Oil prices have swung wildly, spiking above US$110-120 per barrel at peaks before settling around US$100 or higher in recent days — a roughly 50% jump from pre-war levels near US$70-75.
For Australia, which imports about 90% of its refined transport fuels while exporting crude oil, condensate and LNG, the net effect has been painful for households and businesses despite benefits to resource companies. Petrol prices have climbed 20-70 cents per litre in many areas since the war started, with wholesale diesel reaching A$2.45 per litre in some reports. Motorists and farmers are feeling the pinch, prompting panic buying at service stations and warnings of potential shortages if disruptions persist beyond mid-April.
Treasury analysis released in mid-March projected that if oil averages US$100 per barrel in the first half of 2026 before easing, headline inflation would peak 0.75 percentage points higher than previously expected, while gross domestic product would be about 0.2% lower. In a worse-case scenario with prices hitting US$120 and taking three years to normalize, inflation could rise an extra 1.25 points and GDP take a 0.6% hit by 2027 — equivalent to roughly A$18 billion in lost output.
The Reserve Bank of Australia has signaled it is “very alert” to the risks, with Governor Michele Bullock noting potential second-round effects on inflation expectations. Higher fuel costs feed directly into the consumer price index, where automotive fuel carries significant weight, and indirectly raise prices for goods transported by road, air or sea, as well as energy-intensive products like fertiliser and plastics.
The stock market has borne a visible cost. The S&P/ASX 200 has fallen more than 9% from its early March peak, shedding over A$300 billion in value as investors priced in slower global growth, higher interest rates and uncertainty. Mining and energy stocks have shown mixed performance: some like Woodside and Santos benefited from elevated commodity prices, but broader sentiment dragged the index toward correction territory.
Exporters face additional headaches. War-risk insurance premiums have surged for shipping through or near affected areas, complicating deliveries to the Gulf and Europe. Air freight costs have risen, and some routes have been lengthened to avoid risky airspace. Consumer confidence has also dipped, potentially curbing spending and weighing on retail and tourism sectors.
Australia’s low fuel stockpiles — around 36 days for petrol, 32 for diesel and 29 for jet fuel as of early March — have amplified vulnerability. The government temporarily relaxed fuel quality standards to boost local production by an extra 100 million litres per month and has coordinated with suppliers in Singapore, a key source of refined fuels. Energy Minister Chris Bowen authorized these measures to ease short-term pressure, but officials warn that physical shortages from Asian refineries cutting output could arrive after a supply-chain lag.
Farmers in regional areas are particularly exposed, with diesel shortages threatening autumn planting and higher input costs squeezing margins. Transport operators and airlines, including Qantas, have flagged fare increases or operational adjustments due to elevated jet fuel prices.
On the positive side, higher global energy prices have lifted Australia’s terms of trade. LNG and coal export revenues are rising, boosting corporate profits in the resources sector and supporting government tax receipts. Some analysts note this could partially offset the drag on household disposable income, where the average family may face an extra A$14 per week or A$730 annually in fuel costs.
Still, most economists view the overall impact as negative in the near term. Westpac and CommBank modelling suggest retail petrol could average around A$2.02 per litre and diesel A$2.50 if prices hold, with underlying inflation remaining sticky above the RBA’s target into 2027 and GDP growth shaved by 0.1-0.5 percentage points depending on duration.
The war has also prompted strategic responses. Australia has deployed military assets to the Middle East to support operations, including evacuation and potential escort duties, while participating in international efforts to secure shipping lanes. Critics argue deeper involvement risks complicating trade ties with China, a major buyer of Australian commodities and source of some fuel imports.
Longer-term risks include sustained pressure on the Australian dollar, which has weakened amid risk-off sentiment, and potential RBA rate hikes that could further dampen growth. Treasurer Jim Chalmers has described the economic consequences as “very substantial,” noting they will shape the May budget. Calls have grown for a windfall profits tax on fossil fuel exporters to help ease cost-of-living pressures.
The situation remains fluid. Oil prices have shown extreme volatility, plunging on de-escalation hopes only to rebound on renewed threats. International efforts, including IEA-coordinated stockpile releases and diplomatic talks involving multiple nations, aim to stabilize flows, but analysts warn a prolonged Hormuz disruption could push prices toward US$150 or higher in extreme scenarios.
For ordinary Australians, the pain is already real at the pump and in broader price pressures. Businesses are absorbing or passing on costs, while policymakers balance short-term relief with longer-term energy security reforms. Australia’s paradox — a major energy exporter with thin domestic fuel reserves — has rarely been more exposed.
As the conflict enters its fourth week, the full bill remains uncertain. Treasury and bank forecasts will likely be updated as events unfold, but early indications point to a meaningful hit to living standards and growth, tempered only partially by resource sector windfalls. Economists stress that a swift resolution would limit damage, while prolongation risks scarring the economy for years.
Business
'I couldn't afford rent in London as a nurse so I commuted from Wales while pregnant'
A&E nurse Georgie Scott says she was “‘pushed out” of the capital because of high rent prices.
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Iran military spokesperson says US is negotiating with itself, state media

Iran military spokesperson says US is negotiating with itself, state media
Business
Pfizer: Time To Buy The Turnaround
Pfizer: Time To Buy The Turnaround
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Gold Price Pares Back Losses After Trump Post. Why It’s Still Down.
Gold Price Pares Back Losses After Trump Post. Why It’s Still Down.
Business
Discover the Hidden Treasures of Thailand for the Ultimate Healing Journey
Thailand’s Healing Journey campaign promotes wellness tourism, highlighting serene destinations like Krabi, Chiang Mai, and Sukhothai. The initiative focuses on immersive cultural experiences, sustainable travel, and profound relaxation.
Key Points
- Campaign Launch: Thailand’s Healing Journey campaign, initiated by the Tourism Authority of Thailand in January 2026, targets wellness-seeking travelers. It promotes physical and mental rejuvenation through serene destinations like Krabi, Chiang Mai, and Sukhothai, emphasizing immersive cultural experiences and traditional healing practices.
- Wellness Focus: The campaign highlights diverse wellness offerings, from hot springs to yoga retreats, enhancing the travel experience with cultural depth. Emphasizing a mindful living philosophy, travelers can explore nature, engage in wellness activities, and enjoy locally-sourced culinary delights.
- Sustainability Commitment: Emphasizing responsible tourism, the campaign promotes eco-friendly practices while inviting conscious visitors. By offering tailored wellness packages in luxurious yet mindful settings, Thailand aims to redefine luxury, making it synonymous with wellness, cultural enrichment, and sustainable travel.
Thailand’s Healing Journey Campaign: An Introduction
Thailand is experiencing a significant transformation in its travel landscape with the launch of the Healing Journey Thailand wellness campaign by the Tourism Authority of Thailand (TAT) in January 2026. This initiative aims to attract high-value, wellness-seeking travelers and highlights the country’s natural beauty intertwined with rich cultural experiences. The campaign emphasizes the concept that “Healing is the New Luxury,” encouraging visitors to immerse themselves in traditional Thai healing practices and explore tranquil settings. Targeting those searching for a purposeful travel experience, it offers a blend of relaxation, self-reflection, and cultural immersion across various scenic locations.
Exploring Unique Wellness Destinations
The campaign spotlights lesser-known destinations such as Krabi, Chiang Mai, Sukhothai, and Baan Na Ton Chan, which provide opportunities for wellness, relaxation, and cultural engagement. In Krabi, crystal-clear beaches set the scene for rejuvenation, while Chiang Mai is celebrated for its spiritual ambiance and rich arts scene, offering tranquil meditation centers alongside vibrant local markets. These regions not only serve as peaceful retreats but also allow travelers to engage in traditional Thai practices and community workshops, enhancing their connection to the local culture and ensuring that the wellness experience goes beyond superficial relaxation.
Sustainability and Holistic Wellness Experiences
Emphasizing eco-consciousness, the campaign encourages responsible travel, aligning with global trends towards sustainability. The Healing Journey Thailand promotes the idea that luxury can manifest through meaningful wellness experiences rather than mere opulence. Visitors are invited to partake in healing activities such as yoga retreats and hot spring visits, complemented by locally sourced culinary delights, which foster a holistic approach to well-being. By focusing on quality over quantity in tourism, Thailand aims to create lasting positive effects for both travelers and the local communities, making it a premier destination for self-care and rejuvenation.
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