UAL is trading at $101.84 (-4.19%) as escalating Middle East tensions and airspace closures in Iran and Israel force the suspension of regional operations.
- Oil prices surged 10% to $82/barrel following a blockade of the Strait of Hormuz, significantly increasing fuel cost projections for the airline sector.
- The stock hit a pre-market low of $100.45 (-5.50%), extending a decline from its February 27 close of $106.30 amid broader geopolitical instability.