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View all search resultsWorld stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the US-Iran ceasefire.
Stocks surged on Monday while the US dollar and oil prices slid as the prospect of a deal to end the Iran war buoyed risk appetite although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check.
To save Southeast Asia's aviation sector from collapse due to geopolitical and economic crises, regulators must scrap outdated price controls and shift from penalizing airlines to sharing the responsibility of passenger care.
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