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US-Israeli ‘Operation Roaring Lion’ Enters Day Eight as Trump Demands Iran’s Unconditional Surrender
The Middle East has entered its most perilous week in modern history as the joint US-Israeli military campaign against Iran, codenamed “Operation Roaring Lion” by Jerusalem and “Operation Epic Fury” by Washington, entered its eighth day on Saturday, March 7, 2026. With the death of Supreme Leader Ali Khamenei confirmed and the Strait of Hormuz effectively closed, President Donald Trump has escalated his rhetoric, demanding the “unconditional surrender” of the Iranian regime.

AFP
The conflict, which began with a massive coordinated strike on February 28, has fundamentally reshaped the geopolitical landscape of West Asia in just one week. What started as a campaign to dismantle Iran’s nuclear and ballistic missile infrastructure has evolved into a full-scale regional war involving multiple nations and threatening the stability of the global economy.
1. The State of the Conflict: March 7, 2026
As of Saturday morning, the Israel Defense Forces (IDF) and US Central Command (CENTCOM) reported that the first phase of the war—establishing air superiority—is largely complete.
- Air Dominance: Israeli Chief of Staff Lieutenant General Eyal Zamir announced that over 300 ballistic missile launchers have been rendered inoperable.
- Casualty Reports: While verified data is difficult to obtain due to internet blackouts in Iran, the Iranian Red Crescent estimates the death toll has exceeded 1,300, while some human rights groups fear the number is closer to 3,000.
- Regional Spread: Iran’s retaliatory strikes have not been limited to Israel. In a desperate bid to pressure the US, Tehran has launched hundreds of drones and missiles at Gulf states, including the UAE, Kuwait, and Bahrain, targeting US military assets and civilian infrastructure.
2. Trump’s “Unconditional Surrender” Mandate
In a series of late-night statements from the White House, President Trump rejected calls for a ceasefire, stating that the US will not stop until a new, “non-nuclear” leadership is established in Tehran. “We are not looking for a deal that lasts ten years; we are looking for a total transformation,” Trump said. He further complicated the diplomatic path by rejecting the potential candidacy of Mojtaba Khamenei (the late Supreme Leader’s son) for any interim role, calling him “unacceptable.”
3. The “Second Iran War” and the Gulf Crisis
The conflict has been dubbed the “Second Iran War” by international observers, following a shorter 12-day skirmish in June 2025. However, the current escalation is far more severe.
- Strait of Hormuz: The IRGC has officially declared the Strait closed. While the US Navy has reportedly destroyed 17 Iranian warships to keep the lanes open, insurance rates for tankers have skyrocketed, causing Brent crude to surge past $88 per barrel.
- The “Strategic Patience” Ends: Analysts note that Iran has abandoned its decade-long doctrine of “strategic patience.” By striking at Arab neighbors like Azerbaijan and the UAE, Tehran is attempting to break the US-aligned coalition by force.
4. Impact on Israel and Lebanon
While Israel’s “Arrow” and “David’s Sling” defense systems have intercepted the vast majority of incoming fire, the psychological toll is mounting.
- Domestic Impact: At least 12 Israeli civilians have been killed by debris or direct hits in densely populated areas like Ramat Gan and Beit Shemesh.
- The Northern Front: Hezbollah has launched over 115 waves of attacks from Southern Lebanon, triggering a massive Israeli counter-offensive that has displaced over 300,000 Lebanese civilians. The Lebanese government has reportedly attempted to ban Hezbollah’s military activities to avoid total national destruction, though the group remains defiant.
5. Humanitarian and Global Concerns
The United Nations has condemned the “unprovoked” nature of the initial strikes, with experts warning of a “profound human tragedy.”
- Internal Iran: Massive protests, which began in late 2025 due to a failing economy, have turned into chaotic jailbreaks and localized rebellions, particularly in Kurdish regions.
- The Oil Factor: With QatarEnergy halting LNG production and Saudi Aramco reporting fires at the Ras Tanura facility, the world is bracing for a global energy shock that could dwarf the crises of the 1970s.
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Cuba to free 2,010 prisoners from island jails in ’sovereign gesture’

Cuba to free 2,010 prisoners from island jails in ’sovereign gesture’
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Ecopetrol: The Re-Rating Story Is Over (NYSE:EC)
I’m an ACC-qualified finance professional with a Master’s in Audit & Accounting from Istanbul University and certificates in Data Analytics from Coursera. For over two years, I’ve worked as a Data Scientist and Financial Analyst at a leading property management firm in Istanbul, where I developed budgets, set targets, and applied data-driven insights to maximize profitability. My expertise spans financial modeling, market analysis, and investment research, including hands-on experience in stocks and cryptocurrency. Through concise, conversational writing, I now share these insights to help readers make smarter financial and investment decisions.
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Charlotte Douglas Airport TSA Wait Times Remain Short on Busy Spring Break Thursday Despite Travel Surge
Travelers at Charlotte Douglas International Airport faced manageable security lines Thursday as the busy spring break travel period kicked off, with TSA wait times averaging under 20 minutes at most checkpoints despite projections for more than 1.68 million passengers over the 11-day stretch.

Real-time data from the airport’s official website showed standard security checkpoints reporting waits generally between 10 and 20 minutes early Thursday morning, with some third-party trackers listing averages around 13 to 17 minutes depending on the hour. Checkpoint-specific updates indicated short lines at most screening points, with one site reporting as low as 6 minutes at certain standard lanes and others noting Checkpoint 2 closed or dedicated for expedited screening.
Charlotte Douglas, one of the nation’s busiest hubs and a major American Airlines fortress, serves as a key connection point for domestic and some international flights. On Thursday, April 2 — the first major peak day for spring break — the airport anticipated heavy volumes as local school districts began releasing students for vacations running through April 12.
Airport officials had prepped for the surge, forecasting over 1.68 million total passengers, including about 838,000 departing travelers. Of those departing passengers, roughly 325,000, or 39%, are expected to originate in the Charlotte area, an 8% increase from the previous year despite an overall slight dip in total traffic compared to 2025.
The airport’s security page, which updates wait times regularly and encourages refreshing for the latest estimates, listed all concourses accessible from any checkpoint. It emphasized that current screening measures may add time and urged passengers to arrive prepared. TSA PreCheck lanes, where available, typically moved faster, often under 10 minutes even during moderate rushes.
Third-party monitoring sites provided varying snapshots. One reported an average of about 13 minutes overall with PreCheck available, while another pegged current waits near 17 minutes. Historical hourly breakdowns showed peaks in early morning hours, such as 4-5 a.m. averaging up to 24 minutes, before dropping in mid-morning. By late morning into early afternoon, waits were projected to stabilize in the 10-15 minute range.
Travel experts and airport communications stress that these are estimates and can fluctuate with passenger volume, staffing and random additional screening. Thursday’s conditions appeared smoother than feared, especially compared to recent periods when partial government shutdown concerns raised staffing questions at TSA nationwide. In March, Charlotte Douglas managed to keep most weekday waits under 10 minutes for much of the day, though evening peaks occasionally approached an hour — far better than multi-hour delays reported at some peer airports.
“CLT is preparing for spring break travelers,” airport officials noted in a recent release, highlighting real-time security information available on the CLT Airport App and website. The hub expects more than 7,900 departing flights during the period, with Thursday, Friday and the final Sunday as the busiest days.
For passengers, the advice remains consistent: arrive at least two hours before domestic flights and three hours for international. Those without TSA PreCheck or CLEAR should factor in potential variability. The airport offers multiple checkpoints in its single terminal on level two, with all gates reachable post-screening. CLEAR, the biometric expedited service, is also available to further shorten lines for enrolled members.
TSA guidelines continue to apply, including the 3-1-1 liquids rule and recommendations to remove electronics and place them in bins. Officers may conduct additional checks, which can extend individual processing times. The agency can be contacted at 1-866-289-9673 for questions.
Charlotte Douglas handled record passenger numbers in recent years, solidifying its status among the top 10 busiest U.S. airports. American Airlines dominates operations, with extensive banks of flights that can create concentrated rushes at security. Officials have invested in technology and staffing coordination to maintain flow, including mobile ordering for concessions to reduce post-security bottlenecks.
Spring break brings a mix of families, students and leisure travelers, increasing the likelihood of carry-on bags and families navigating the process together. Airport leaders noted that local originating traffic is up this year, potentially adding pressure on morning departures. Still, recent data suggested the airport was faring well, avoiding the severe backups seen elsewhere during high-travel periods or staffing disruptions.
Travelers shared mixed but generally positive experiences on social platforms and forums in recent days, with many praising shorter-than-expected lines when arriving early. Some advised downloading the CLT app for live updates on waits, parking availability and bus times. Parking facilities and ground transportation also see heavy use during peaks, with officials recommending advance reservations where possible.
Broader TSA operations nationwide have faced scrutiny in recent months amid funding and staffing discussions tied to federal budget matters. Charlotte Douglas appeared resilient, with wait times staying relatively controlled even as other hubs experienced longer delays. The New York Times’ tracker of airport-reported waits showed CLT checkpoints under 10 minutes in some morning snapshots earlier in the week.
To minimize stress, experts recommend checking multiple sources before heading to the airport. The official CLT security page provides checkpoint-specific estimates. The MyTSA app from the Department of Homeland Security allows users to view and even report wait times. Sites like takeofftimer.com and onairparking.com aggregate data for quick glances, though official airport figures are considered most authoritative.
Passengers with disabilities or needing assistance can request accommodations through TSA Cares or airport services. Families with young children benefit from dedicated lanes when available, and the airport offers family-friendly amenities post-security.
Looking ahead through the spring break window, volumes are expected to remain elevated but manageable. The airport has encouraged use of its royalty program for parking rewards and promoted mobile ordering to streamline the experience. With warmer weather drawing vacationers to beaches and resorts, many flights head south or to major hubs for connections.
In the longer term, Charlotte Douglas continues expanding capacity. Recent infrastructure projects have improved flow, and ongoing coordination with TSA and airlines aims to keep security efficient as passenger numbers grow. The hub’s central location in the Southeast makes it a vital gateway, handling millions annually for both point-to-point and connecting traffic.
For those traveling Thursday or over the weekend, the message from officials is clear: monitor wait times in real time, build in a buffer and prepare for standard screening. While no major disruptions were reported early Thursday, conditions can shift quickly with flight banks or unexpected volume spikes.
Travelers departing later in the day should watch for potential increases as afternoon and evening rushes build. Historical patterns show waits often moderate after morning peaks before climbing again with later departures.
Charlotte Douglas International Airport, with its convenient layout and focus on customer experience, has earned a reputation for relatively efficient security compared to its size. Thursday’s data reinforced that, with short lines greeting many early arrivers despite the start of peak spring travel.
As millions take to the skies for spring break, staying informed remains key. Whether using the airport website, app or trusted trackers, passengers at CLT appeared set for smoother sailing through security than in some past busy periods.
The Transportation Security Administration reminds all travelers to pack smart, follow guidelines and allow extra time. With spring break underway, Charlotte Douglas stands ready to handle the surge while keeping wait times as brief as possible.
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Pharmaceuticals face 100% tariffs in US – unless firms strike a deal
The order does not affect generic medicines, the most commonly used in the US.
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Navigating Thailand’s Power Generation Transition While Balancing the Energy Trilemma
“Promoting a low-carbon society by announcing that Thailand will achieve the goal of net-zero greenhouse gas emissions by 2050 (2050) to cope with international trade and climate change by promoting and supporting the use of clean energy such as solar energy in communities and government agencies, the use of electric vehicles and public transportation, as well as increasing energy efficiency, especially in the industrial sector.” The Prime Minister delivers the Cabinet’s Policy Statement (September 29, 2025 at the National Assembly)
The Government’s policy statement reflects the government’s commitment to support and promote the reduction of greenhouse gas emissions.The power generation sector will be pivotal in helping Thailand achieve its Net Zero 2050 goals, as electricity production is projected to become the country’s largest source of greenhouse gas emissions by 2024, contributing 38% of the total emissions. This article explores the ways in which the power generation sector can achieve its goals. Net zero 2050 without breaking the “energy trilemma” or energy balance triangle.
What is energy trilemma? Why do you care?
The energy trilemma is a conceptual framework for energy policy design that is used by energy policymakers around the world. The design of energy policies must maintain a balance between 1) sustainability, 2) energy security, and 3) affordability. For example, if policymakers are primarily focused on achieving sustainability or security goals. Without taking into account the cost impact, it may increase energy prices and negatively affect electricity users in both the household and industrial sectors. In Thailand, this concept has been applied and measured as the Energy Trilemma Index (ETI).
According to the data on Thailand’s Energy Balance Index for the period 2016-2024, which is between 0 (the lowest balance index) and 5 (the largest balance index), the Environmental Sustainability Index is likely to increase from 3.17 in 2016 to 3.76 in 2024 due to the continuous higher proportion of renewable energy and renewable energy from the past. Energy security is likely to stabilize from 3.73 in 2016 to 3.76 in 2024 due to the high level of electricity access by the people nationwide and the high amount of electricity reserves. In terms of affordable prices, the index has decreased considerably from 3.46 in 2016 to 2.79 in 2024 due to the increase in electricity costs in Thailand due to the recent increase in natural gas prices. This is coupled with the high cost of electricity from the ready payment (money paid to power plants even if there is no electricity generation) for power plants to ensure the stability of the power system, as well as the payment of subsidies to renewable energy producers to promote sustainability and increase the proportion of renewable energy. Therefore, it can be seen that focusing on the implementation of policies in one dimension will also have an impact on other dimensions in the energy trilemma, for example, accelerating the transition to clean energy may help increase sustainability, but if there are no supporting measures, it may affect the cost of electricity (affordability) and affect the stability of the electricity system that must be managed by the volatility of renewable energy (Security). In order to ensure that the country’s energy transition is balanced and does not create a burden on all sectors in the country according to the framework of the energy trilemma.
Environmental Sustainability: Renewable Energy is the Answer
Energy Security: Technology and Distribution of Energy Sources An aid that meets the needs of securityIncreasing electricity from renewable energy is an important approach to help meet the needs of environmental sustainability. For example, generating electricity from natural gas that emits about 0.48 tonnes of CO2 per megawatt hour (t-CO2e/MWh) and from coal that emits up to 0.90 tonnes of CO2 per megawatt hour (t-CO2e/MWh) is different from electricity generation from renewable and nuclear power (SMR) with zero greenhouse gas emissions. Promoting new renewable and clean energy projects such as nuclear power plants (SMRs) is essential to help the power generation sector reduce greenhouse gases to zero. This is reflected in the draft Electricity Generation Target Plan to Achieve Net Zero by 2050 prepared by the Department of Climate Change and Environment and the Research Unit on Sustainable Energy and Built Environment at Thammasat University. Renewable energy is expected to increase from 23% (54 TWh) in 2025 to 58% (327 TWh) in 2050, and in the period 2030-2050, new clean energy technologies will contribute more to electricity generation, such as hydrogen fuel and nuclear power (SMR), with electricity from nuclear and hydrogen energy accounting for 6% (16 TWh) in 2030 and increasing to 16% (87 TWh) in 2050. In Figure 2, the proportion of electricity from natural gas and coal is declining, with electricity from natural gas decreasing from 58% (136 TWh) in 2024 to 26% (146 TWh) in 2050, while coal-fired electricity will decrease from 19% (45 TWh) in 2024 to zero in 2050. Evaluation of cost-effectiveness and production costs, including impact studies on communities and the environment.
Electricity generation from renewable energy will help meet the needs of environmental sustainability, but there are limitations that reduce the stability of transmission lines and power grids. Fluctuations in electricity quality from renewable energy that depend on weather and seasonality. For example, solar energy can only generate electricity during daylight hours or about 5-6 hours a day, and can only produce electricity at peak efficiency during periods of high solar intensity. If there are clouds that obscure the sun, such as the rainy season with a lot of clouds, it will reduce the efficiency of solar power generation. Because natural gas and coal can be stored and reserved to generate electricity 24 hours a day, the electricity obtained is of good quality from the production process that can be controlled to ensure the stability of electricity. However, with today’s advanced technology, SCB EIC found that there are at least three types of technologies that can help solve the problem of grid instability caused by renewable energy generation. As follows:
1) Battery Energy Storage System (BESS) technology: This technology helps to store electricity from renewable energy produced at different times so that it can be used throughout the day or during times of high electricity demand. For example, in many countries that use BESS to increase electricity security, such as the Waratah Super Battery project in Australia that installed up to 700 MW of BESS to increase the stability of the power grid by increasing electricity from renewable energy instead of decommissioning coal-fired power plants in New South Wales, and the Henan grid-side project in China that uses BESS for backup power during peak load times and emergency response, etc. In Thailand, BESS has already been applied to work in tandem with electricity generation from solar farms, such as the Solar + BESS project with a power sale agreement of 121 MW of GULF Group companies that have started generating electricity and selling it to ELECTRIC in 2025.
2) Smart grid technology that will work with renewable energy and battery power plants to increase “electrical stability”, especially in regional electricity consumption or areas remote from the main power grid. For example, in Australia. It is the country with the most smart grid installations in the world, both experimentally and commercially, such as the Western Downs + Broken Hill project with a total capacity of more than 320 MW. In order to strengthen the stability of the power grid by increasing electricity from solar farms in Queensland, etc.
3) Demand Response (DR) technology will help to visualize the overall picture of electricity demand and electricity production in various sources (Supply), from large-scale power plants down to household electricity generation from solar rooftops, so that they can participate in electricity generation to meet demand. For example, the DR installation project in 45 states in the U.S. provides real-time electricity demand awareness, allowing the government to manage electricity production and distribution to meet demand and reduce energy losses in the grid.
Increasing the proportion of electricity generation from renewable energy must be done in parallel with diversifying energy sources. This is to reduce the risk in the event that electricity generation from renewable energy is problematic and reduce the risk of the country’s supply and import of fossil fuels. For example:
- Sourcing fuel from a variety of producers and procurement plans to reduce the risk of energy imports, such as: Providing natural gas from multiple suppliers and increasing domestic natural gas production will reduce the risk of fluctuating natural gas import prices and affect the cost of electricity generation.
- Develop a Small Modular Reactor (SMR) nuclear power plant as a baseload power generation source as a new alternative to natural gas and coal power plants in the long term.
Strengthening energy security is an important priority for countries such as Singapore and Japan to have a fuel reserve storage strategy to reduce the risk of fluctuating energy import prices and promote the use of hydrogen as a substitute for natural gas in the long term and in emergencies.
Affordable prices (energy wealth) – High electricity costs drag on energy wealth. Therefore, it must be managed in parallel with the investment in new technology.
Electricity costs are likely to increase due to the adoption of new technologies with high production costs. Although it meets the needs of security and sustainability, it will affect the wealth that is the cost of energy for the country. Although the cost of generating electricity from renewable energy tends to decrease and is lower than the cost of generating electricity from fossil fuels, investment in new technologies to make the power system stable and sustainable. This will increase the cost of electricity production. For example, according to the draft PDP 2024 Power Generation Capacity Development Plan, the electricity bill is likely to increase from 3.76 baht per unit in 2030 to 3.98 baht per unit in 2037 due to the introduction of new clean energy technologies for electricity generation, such as the introduction of hydrogen as a fuel to replace natural gas in electricity generation in 2030, the investment in the BESS energy storage system for the power grid and the start of use in 2032, and the start of nuclear power generation (SMR) in 2037. The government must take measures to accommodate the increase in electricity bills in the future because the increase in electricity costs will affect many dimensions, including the cost of living of the people and business costs, as well as the country’s competitiveness. If you compare the electricity tariff for Thailand’s large-scale industrial sector (group with investment plans in Thailand) with other countries in the ASEAN region by 2025, it will be found that Thailand has an average electricity tariff of about 3.55 baht per unit, which is the fourth highest among the 10 countries in the ASEAN group. If Thailand’s electricity bill tends to increase in the next period, it will reduce the country’s competitiveness, and the government is the main agency that must manage the cost of electricity production appropriately during this transition. It is believed that from the Net zero goal, Thailand must increase clean energy technology and make electricity bills tend to rise. The government can alleviate this problem through at least three actions:
1) Supply domestic fuel in a higher proportion to reduce the import of high-priced fuels, such as the supply and production of natural gas in the Gulf of Thailand. Procurement of alternative fuels such as biogas for use in natural gas power plants, etc.
2) Purchase electricity from renewable energy at a lower price in line with the trend of declining electricity production costs in the future, such as solar energy, which is expected to reduce the cost of electricity generation to 1.1 baht per unit in 2030 and to 0.7 baht per unit in 2050, etc.
3) Enable Direct PPA (pilot project to trade electricity from renewable energy directly between data center operators and power producers) and Third Party Assessment (TPA) (allowing third parties or power producers to connect electricity to the power grid). This will not affect the electricity bills of the public and other businesses due to the government’s charging for power grid services by separating the costs arising from the investment in the new power grid in the areas where the new industrial groups are investing. Such an approach will be able to meet the needs of new industries that need clean electricity to achieve Net zero, which will encourage investment while not affecting the country’s overall electricity bill.
After all, Thailand is moving towards Net Zero 2050, which will affect all three dimensions of the energy trilemma: sustainability, security, and prosperity. But the transition also requires investment to strengthen the stability of the power system. Whether it is BESS investment, strengthening network management capabilities, and SMR development, these are all factors that may affect electricity costs and inevitably affect energy wealth. Therefore, SCB EIC has proposed three ways to help revive energy wealth. These approaches will help Thailand pursue a balanced energy transition between sustainability, security, and prosperity, while maintaining the country’s competitiveness amid increasingly fierce business competition and rapidly increasing demand for clean energy in the future.
Published in the Journal of Banking and Finance, the financial tidbit column for March 2026.
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Dinosaur chicken nuggets sold at Walmart may pose lead risk, federal alert says
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If you have dinosaur-shaped chicken nuggets in your freezer, federal officials say you may want to check the packaging.
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) on Wednesday issued a public health alert for certain frozen, ready-to-eat chicken nuggets that may contain “unsafe levels of lead.”
Although the product is no longer available in stores, officials warn it could still be in freezers across the country.

Cooked dinosaur-shaped chicken nuggets are displayed on a plate. (iStock / iStock)
The alert applies to 29-ounce bags of “Great Value Fully Cooked Dino Shaped Chicken Breast Nuggets,” sold at Walmart nationwide.
Affected packages have a “Best If Used By” date of Feb. 10, 2027, along with lot code 0416DPO1215 and establishment number P44164 printed on the packaging.
The issue was discovered during routine testing, and an investigation is ongoing, according to FSIS.
POWER STRIPS SOLD ON AMAZON RECALLED OVER FIRE RISK, CONSUMERS URGED TO STOP USING ‘IMMEDIATELY’

The alert applies to 29-ounce bags of “Great Value Fully Cooked Dino Shaped Chicken Breast Nuggets,” sold at Walmart nationwide. (U.S. Department of Agriculture’s Food Safety and Inspection Service)
Health experts caution that lead exposure is especially dangerous for young children and pregnant women, as it can impact brain development and the nervous system.
“There is no safe amount of lead exposure,” FSIS said, noting that levels found in the nuggets could be up to five times higher than the FDA’s interim reference level for children.
THOUSANDS OF BREAD, PIZZA ITEMS RECALLED IN 10 STATES OVER POSSIBLE METAL CONTAMINATION

Consumers who purchased the product are urged not to eat it and should instead discard it or return it to the place of purchase. (U.S. Department of Agriculture’s Food Safety and Inspection Service)
Consumers who purchased the product are urged not to eat it and should instead discard it or return it to the place of purchase.
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22nw fund sells Foster L B Co (FSTR) shares for $1.11 million

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United Airlines hikes checked bag fees by $10 as fuel prices climb
United Airlines
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United Airlines hiked its checked bag fee by $10 on Thursday, becoming the second U.S. carrier in less than a week to raise the fee as the industry grapples with this year’s surge in fuel costs, airlines’ biggest expense after labor.
United’s new fee will be $45 to check a first bag on most domestic itineraries if the traveler pays ahead of time and $50 if they pay within 24 hours of their flight.
“United is raising first and second checked bag fees by $10 for customers traveling in the U.S., Mexico and Canada and Latin America beginning with tickets purchased Friday, April 3,” the carrier said.
United last raised checked bag fees in 2024 and, like other carriers, is trying to cover the recent surge in jet fuel costs.
Fuel prices for Chicago, Houston, Los Angeles and New York averaged $4.56 a gallon on Wednesday, up more than 82% since the U.S. and Israel attacked Iran on Feb.28, according to data from Argus published by industry group Airlines for America.
JetBlue Airways on Monday hiked its checked bag fees at least $4 per bag — and up to $9 per bag, depending on when a customer’s travel is booked — CNBC first reported.
Competitors often follow suit with such fee increases. There are loopholes, however. Airline credit cards often give customers a free checked bag when they’re on domestic itineraries in coach and it usually comes as a perk with elite frequent flyer status. Also, first-class seats generally include a free checked bag.
“United Chase credit card holders, MileagePlus Premier members, active military members and customers traveling in premium cabins can still check a bag for free, and customers in most markets will still enjoy a $5 discount if they prepay for their bags online 24 hours before their flight,” United said.
Higher fuel is showing up at gas stations and other sectors, too. Amazon is adding a 3.5% “fuel and logistics-related surcharge” to fees it collects from third-party sellers who use its fulfillment services, CNBC reported earlier Thursday.
— CNBC’s Annie Palmer contributed to this article.
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UK Hosts 40-Nation Talks to Reopen Iran-Blocked Strait of Hormuz as Oil Prices Surge Amid War
LONDON — Britain convened a virtual summit Thursday with about 40 countries to explore ways of reopening the Strait of Hormuz, the vital Persian Gulf chokepoint effectively shut down by Iran during the ongoing U.S.-Israeli war, as global oil prices climbed on fears of prolonged disruption to nearly one-fifth of the world’s seaborne crude and liquefied natural gas supplies.

British Foreign Secretary Yvette Cooper chaired the discussions, which followed Prime Minister Keir Starmer’s announcement that reopening the waterway “will not be easy” but is essential to prevent Iran from “holding the global economy hostage.” The meeting included major European nations, Gulf states, Japan and others heavily dependent on the strait, though the United States was not directly involved in the talks, according to officials.
The Strait of Hormuz, a narrow passage between Iran and Oman connecting the Persian Gulf to the Arabian Sea and broader Indian Ocean, has seen maritime traffic plummet since Iran began restricting or attacking vessels in response to U.S. and Israeli strikes that escalated in late February 2026. Prior to the conflict, roughly 138 vessels transited daily, carrying about 20% of global oil and significant LNG volumes. Marine traffic data now shows clusters of loitering ships on both sides, with many operators avoiding the route due to safety risks.
Iran has declared the strait largely closed to vessels linked to the U.S. and Israel, while allowing limited passage for others — sometimes in exchange for substantial fees reportedly paid in Chinese currency or cryptocurrency, according to shipping reports and Gulf officials. Iranian parliament panels have discussed formal toll systems, and Tehran has signaled it will use control over the waterway as leverage to extract concessions, refusing a full ceasefire or unrestricted access until attacks on Iran cease.
President Donald Trump has repeatedly urged allies to “build up some delayed courage” and take control of the strait themselves, emphasizing that the U.S. produces ample domestic energy and will not shoulder the burden alone. In recent statements, Trump suggested the waterway could reopen “naturally” at the end of the conflict but warned of further strikes on Iranian energy infrastructure, including power plants and Kharg Island, if it remains blocked. He extended a deadline for action into early April while noting ongoing talks with what he described as a “new, and more reasonable” Iranian regime.
French President Emmanuel Macron pushed back Thursday, calling any military operation to force open the strait “unrealistic” and fraught with high risks. Macron advocated for dialogue and cooperation with Iran rather than confrontation, rejecting unilateral force during a trip to South Korea. Other European leaders echoed concerns that a Red Sea-style naval escort mission — which proved costly and only partially effective against Houthi attacks — would be far more challenging in the confined, Iran-dominated waters of Hormuz.
The disruption has already driven oil prices higher, with benchmarks surging amid supply fears and rerouting of tankers around Africa or elsewhere, adding weeks to journeys and inflating costs. Analysts warn of a potential “food security timebomb” if energy shortages ripple into broader economic pain, particularly for import-dependent Asian nations. China, a major buyer of Iranian oil, has blamed the U.S.-Israeli actions as the “root cause” of the blockage.
Attacks on shipping have compounded the crisis. Reports document multiple incidents since early March, including projectiles striking tankers, unmanned vessel rammings and at least one confirmed crew fatality. On April 1, a QatarEnergy-linked tanker, Aqua 1, was damaged north of Doha. The U.K. Maritime Trade Operations and other monitors have logged over a dozen verified or suspected strikes on merchant vessels in the Gulf region. Iran has escorted some “friendly” tankers through while maintaining its grip, turning the strait into what some describe as a de facto toll booth.
The International Maritime Organization estimates around 2,000 ships stranded or affected in the broader area. Shipping giants have suspended or rerouted operations, echoing disruptions seen earlier in the Red Sea but on a scale that threatens far greater global impact given Hormuz’s role in Gulf oil exports from Saudi Arabia, the United Arab Emirates, Kuwait, Iraq and Iran itself.
Gulf Arab states, including members of the Gulf Cooperation Council, have expressed alarm. The UAE and others have maintained steady postures but joined calls for safe passage. Some Iranian officials, including those close to the Islamic Revolutionary Guard Corps, have boasted of Tehran’s ability to maintain “legal-security dominance” over the strait even after any ceasefire, potentially imposing new rules or tolls long-term.
Environmental risks loom large. Strikes on oil infrastructure and the possibility of escalated targeting of desalination plants — critical for potable water in the arid Gulf — have drawn warnings from U.N. experts about long-term ecological damage, greenhouse gas emissions from burning fields and potential spills in one of the world’s most sensitive marine environments.
The U.K.-led meeting Thursday was described as an initial step, with follow-up discussions planned, including a G7 and Gulf Cooperation Council gathering next week. Participants signed a joint statement demanding Iran end its blockade and pledging contributions to ensure safe passage. Military planners are expected to meet soon under British hosting to assess options, though details remain guarded amid divisions over the use of force.
For Iran, the strait represents both a defensive asset and economic lifeline. Tehran has historically threatened closure during tensions, but the current scale — tied to the wider 2026 war that began with extensive U.S.-Israeli airstrikes on Iranian military targets — marks an unprecedented escalation. Iranian navy vessels have conducted escorts for paying clients while IRGC-linked media emphasize the strait’s value in ensuring regime survival and deterring future threats.
Analysts note that fully reopening the strait could take months even after any ceasefire, due to insurance costs, lingering war-risk premiums, damaged infrastructure and eroded confidence among shippers. Rebuilding trust and clearing potential mines or debris would add further delays. In the interim, alternative routes and increased U.S. domestic production offer only partial relief, as global markets remain tightly linked.
The crisis underscores the strait’s enduring strategic importance. At its narrowest, just 21 miles wide with shipping lanes even tighter, it has been a flashpoint for decades, from the 1980s “Tanker War” during the Iran-Iraq conflict to repeated Iranian seizures of vessels in recent years. Today’s events, however, unfold against a backdrop of direct great-power involvement and hybrid threats including drones, missiles and fast-attack boats.
Trump’s approach — shifting responsibility to energy-importing nations while keeping U.S. options open — has drawn mixed reactions. Supporters see it as America First realism; critics argue it risks fracturing alliances and emboldening adversaries. Retired U.S. Navy officers have assessed that while American forces could neutralize Iranian threats in the strait if ordered, the operation would be complex, costly and potentially prolonged, especially with Iran’s arsenal of anti-ship missiles and asymmetric tactics.
As talks continue, shipping firms monitor real-time intelligence from sources like the U.K. Maritime Trade Operations and U.S. warnings advising vessels to stay clear of certain zones. Crew safety remains paramount, with some operators paying premiums or hiring private security.
Broader implications extend beyond energy. Disrupted supply chains affect everything from jet fuel for airlines to petrochemical feedstocks for manufacturing. Developing nations face heightened vulnerability, while stock markets and currencies react to every headline from the Gulf.
Thursday’s summit reflects growing international urgency. With no immediate resolution in sight, diplomats, military planners and energy executives are weighing a difficult balance: pressuring Iran without triggering wider escalation that could close the strait indefinitely or spark environmental catastrophe.
Iranian assurances of safe passage for certain nationalities, such as Filipino seafarers, offer limited comfort amid the selective blockade. Tehran continues to frame its actions as defensive responses to foreign aggression, vowing not to yield without guarantees.
For now, the Strait of Hormuz remains a contested lifeline — partially open to some under Iranian terms, closed to others and a source of skyrocketing costs for the global economy. The outcome of ongoing diplomacy and any potential naval coordination will shape not only energy markets but the trajectory of the larger conflict in the Middle East.
As Britain and partners seek consensus, the world watches whether dialogue or deterrence will prevail in one of the most critical maritime arteries on the planet.
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