Escalating tensions between the U.S. and Iran buffeted airlines Friday, with concerns about higher fuel costs hitting share prices and several carriers suspending flights in the region. Three Middle East carriers canceled flights to and from Iraq, citing security concerns, after a U.S. airstrike killed a senior Iranian military leader in Baghdad and Tehran vowed to retaliate. The strike also prompted a rise in oil prices.

Source: Wall Street Journal January 03, 2020 21:44 UTC