India & United Airlines

India: India welcomed the ceasefire agreement between the United States and Iran, advocating for de-escalation, dialogue, and diplomacy to ensure lasting peace in West Asia. India also emphasized the importance of unimpeded freedom of navigation through the Strait of Hormuz due to its reliance on global energy supply and trade networks.

United Airlines: United Airlines stock jumped more than 12% in premarket trading, benefiting from the decline in oil prices.

India: India is facing an acute cooking gas shortage due to the conflict, leading to increased domestic LPG production and efforts to secure alternative imports.

United Airlines: United Airlines flagged pressure on demand and forecasted second-quarter and full-year profits below Wall Street estimates due to higher jet fuel prices.

United Airlines: United Airlines lost 15.6% due to worries that a weakening global economy and higher inflation caused by tariffs would reduce business and leisure travel.