CNBCPriyanka Salve

Middle East conflict cuts global air-cargo capacity by >20%, strands perishables and aircraft parts

An escalating Middle East conflict and U.S.-Israeli strikes on Iran have closed Gulf airspace and grounded passenger and freighter services through hubs such as Doha and Dubai, shrinking global air-cargo capacity by more than 20%, pushing freight rates up and creating backlogs for perishables and aircraft parts.

ReutersJulie Zhu

Airline shares recover as limited Middle East services resume after U.S.-Israeli strikes

By Reuters: Airline shares rebounded on Thursday as more flights took off from the Middle East, providing some reprieve for carriers after U.S.-Israeli strikes on Iran wiped billions of dollars off their market value earlier in the week.

2026-03-04T19:57:08.625450-08:00