Emergency fuel release, FlyDubai incident and 4.2% unemployment rate lead headlines

  • FlyDubai hired an Omani co-pilot for the sensitive United Arab Emirates-Israel route despite a ban.
  • 20 days will cover the initial emergency fuel release, with diesel receiving priority.
  • Unemployment rose to 4.2% from 4.1% while remaining historically low.

A daily newsletter roundup says FlyDubai hired an Omani co-pilot despite a ban, allowing him to pilot the sensitive route between the United Arab Emirates and Israel, according to people familiar with the matter. A senior U.A.E. political figure and Israeli Prime Minister Benjamin Netanyahu described the near-downing as a terror plot, while President Trump said Thursday that Iran may have been involved. Separately, nations plan to release fuel from emergency stocks without restricting exports, with the first batch prioritizing diesel and beginning immediately for 20 days. The move aims to lower soaring fuel prices and appears to remove the threat of a U.S. ban on diesel exports for now. Labor-market data showed the unemployment rate rising to 4.2% from 4.1% the previous month, while remaining historically low and consistent with a generally healthy labor market.

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