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But we saved everything 🙂.
Emirates Airlines is obtaining war risk insurance for its entire fleet at an additional $100,000 a week.
According to Mario Nawfal, rival insurers have described this rate as 'outrageously' cheap, particularly as war-related insurance cover across the region is being repriced, restricted, or cancelled entirely.
Nawfal has previously noted a sharp drop in liquidity in S&P 500 futures to $5.1 million. He also reported on the 36 percent surge in oil prices that sent Brent crude above $90. These developments highlight notable movements across asset classes in recent weeks.