German leisure travel giant navigating near-term demand and energy pressures
Tui has seen a sharp drop in pre-tax profits in its third quarter as fuel costs rise amid the Middle East conflict. The group reports weaker bookings and higher costs, but notes some signs of recovery in demand and continued price pressure.
Oil prices have risen as Iran-US talks stall over reopening the Strait of Hormuz. The Strait remains closed, with traders watching for any breakthrough that could unlock supply routes. Brent hovers near $85, while US crude trades around $80 as markets weigh a potential peace deal and the risk of sustained disruption.