Travel shares tumble as Middle East conflict disrupts global flights

Travel shares fell sharply on Monday as escalating conflict between the US, Israel and Iran disrupted flights around the globe, forced the closure of key Middle Eastern hubs and sent oil prices surging.

Middle Eastern airports including Dubai, the world’s busiest international hub, and Doha closed for a third day, stranding tens of thousands of passengers in one of the sharpest aviation shocks in recent years.

Oil prices jumped 7 per cent to their highest in months as Iran and Israel stepped up attacks...