### [2026-04-28](/feed/2026/04/28/index.md)

##### Economic impact of the 2026 Iran war
# Air India, IndiGo, and SpiceJet inform the Indian government that the country's airline industry is on the verge of "stopping operations" because of cost increases related to the Strait of Hormuz closure and the Iran war. 




### Sources:

1. [Al Jazeera](https://aje.news/kop1nl?update=4528319)

### Related:

1. [The International Energy Agency estimates that the damage to liquefied natural gas (LNG) facilities in Qatar will strain the natural gas market for at least two years, and along with the Strait of Hormuz closure, will cause the loss of 120 billion cubic meters of LNG supply by 2030. ](/feed/2026/04/24/the-international-energy-agency-estimates-that-the-damage-to-liquefied-natural-gas-lng-facilities-in-qatar-will-strain.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz closure_
2. [A South Korean tanker transports crude oil to the country via the Red Sea for the first time since disruptions to the Strait of Hormuz, as the government implements alternative supply routes to secure energy imports. ](/feed/2026/04/17/a-south-korean-tanker-transports-crude-oil-to-the-country-via-the-red-sea-for-the-first-time-since-disruptions-to-the-st.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz closure_
3. [Russian foreign minister Sergey Lavrov states that Russia can supply energy to China and other countries affected by disruptions in shipments through the Strait of Hormuz amid the Iran war. ](/feed/2026/04/15/russian-foreign-minister-sergey-lavrov-states-that-russia-can-supply-energy-to-china-and-other-countries-affected-by-dis.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz closure_
4. [The Pakistani energy ministry announces daily power outages of about two hours during evening peak demand periods throughout the country, except in Hyderabad and Karachi, to reduce fuel costs and limit tariff increases amid higher energy prices linked to disruptions in the Strait of Hormuz. ](/feed/2026/04/14/the-pakistani-energy-ministry-announces-daily-power-outages-of-about-two-hours-during-evening-peak-demand-periods-throug.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz closure_
5. [Norway's Storting passes a bill temporarily cutting petrol and diesel taxes in response to surging energy costs amid the Strait of Hormuz crisis. ](/feed/2026/03/26/norway-s-storting-passes-a-bill-temporarily-cutting-petrol-and-diesel-taxes-in-response-to-surging-energy-costs-amid-the.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz closure_
6. [Sri Lanka introduces a four-day workweek for the public and education sectors to preserve fuel as the 2026 Strait of Hormuz crisis continues to restrict fuel shipments to the region. ](/feed/2026/03/16/sri-lanka-introduces-a-four-day-workweek-for-the-public-and-education-sectors-to-preserve-fuel-as-the-2026-strait-of-hor.md) _Context: Economic impact of the 2026 Iran war, Strait of Hormuz closure_
7. [Tata Sons is announced as the winning bidder for Air India, ending years of attempts by the government to privatise the loss-making airline. Tata Sons was the initial owner of the airline before it was nationalised. [https:--www.ndtv.com-business-tata-wins-control-of-air-india-once-again-with-rs-18-000-crore-bid-2568657 (NDTV)] [https:--timesofindia.indiatimes.com-business-india-business-return-of-the-prodigal-son-air-india-back-in-founder-tata-fold-after-68-years-articleshow-86865871.cms "(Times of India)"]](/feed/2021/10/8/tata-sons-is-announced-as-the-winning-bidder-for-air-india-ending-years-of-attempts-by-the-government-to-privatise-the.md) _Context: Air India, Indian government_
8. [Air India pilots continue a strike for a third successive day with 120 flights cancelled. ](/feed/2011/04/29/air-india-pilots-continue-a-strike-for-a-third-successive-day-with-120-flights-cancelled.md) _Context: Air India_