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Japan's two biggest airlines, All Nippon Airways and Japan Airlines, have moved forward the implementation of fuel surcharges in response to surging jet fuel costs driven by the Iran war. The Strait of Hormuz crisis is pushing energy costs higher across Asia.
Kevin Warsh, President Trump's nominee to chair the Federal Reserve, told Congress the central bank must 'stay in its lane' and focus squarely on fighting inflation. In his confirmation testimony, Warsh mentioned the labor market only once, signaling a hawkish policy tilt.
US tariffs have driven a steep decline in EU exports for the second straight month, shrinking the bloc's trade surplus by 60%. The data underscores the mounting economic cost of the transatlantic trade dispute for European exporters.