US Stock Market Movement | Airline and Cruise Stocks Fall Together; United Airlines and Carnival Cruise Drop Over 8% as Middle East Conflict Intensifies

Gelonghui, March 9th｜U.S. airline and cruise stocks collectively declined, with United Airlines dropping more than 7%, Delta Air Lines and American Airlines falling about 6%; Carnival Cruise Line dropped over 8%, and Royal Caribbean Cruises fell more than 7%. According to reports, as the Middle East conflict continues to escalate, WTI crude oil futures surged over 30% intraday, approaching $120 per barrel. Several institutions estimate that a complete blockade of the Strait of Hormuz would rapidly transmit oil price increases throughout the energy industry chain, potentially causing global aviation fuel prices to rise by 40%, with European and Asian markets facing direct impact. In addition, after the outbreak of the U.S.-Israel-Iran conflict, the large-scale suspension of Middle East routes has also imposed operational restrictions on airlines.