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The Economic Times
The Economic Times

Lufthansa Airlines warns of rising Mideast war risks

Lufthansa Lufthansa Group Germany Middle East United States

Germany's Lufthansa warned Wednesday of rising risks to the firm's financial performance because of the Middle East war even as it maintained its outlook for the year.

Iran has effectively closed the Strait of Hormuz from the end of February in response to US-Israeli attacks, choking off a key artery for global oil supplies and sending jet fuel prices spiralling.

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