Missiles Fly Across the Persian Gulf Despite Cease-Fire

3.541 - 24.537 Anthony Bansi

Here's your midday brief for Wednesday, April 8th. I'm Anthony Bansi for The Wall Street Journal. Few ships are moving through the Strait of Hormuz despite President Trump's call for its safe opening as a condition of his ceasefire. The Journal has learned that Iran is telling ships they need permission to cross or they risk being destroyed.

24.517 - 48.111 Anthony Bansi

Israel says that it stopped attacking Iran but its continued operations in Lebanon against Hezbollah. And Gulf countries including Kuwait, Qatar and the UAE report continued missile and drone attacks. The journal has also learned that Saudi Arabia's primary export pipeline was hit in an Iranian attack today. It's a vital route for global oil markets.

48.563 - 67.264 Anthony Bansi

Delta Airlines is warning travelers to expect higher fares and fewer flights. Its fuel costs jumped by $330 million in the first quarter, and for its current quarter, Delta projects its fuel expenses rising $2 billion from the same time last year. Delta says that consumers are still booking flights.