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Qantas and Air New Zealand say they will increase airfares because of rising jet fuel prices following the war in the Middle East; the Australian sharemarket recovers $34bn of the $90 billion it lost yesterday; and China's export more than first thought at the start of the year despite US tariffs. 00:00 Air fares are rising in response to the war in the Middle East 02:00 Motorists endured a 17c/L rise in unleaded petrol last week 03:00 After surging as much as 30 per cent yesterday and hitting a high of $118 USD a barrel, oil prices eased today 03:42 The sharemarket closed 1.1 per cent higher, clawing back some of the $90 billion the ASX200 lost yesterday 04:40 Blacklisted AI company Anthropic is suing the Trump administration over its decision to formally label it a US supply chain risk Ricardo Gonçalves breaks down the day's financial news in On The Money. #OnTheMoney #Airfares #OilPrices #ASX #ChinaEconomy SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: / @sbsnews Follow SBS News on Instagram: / sbsnews_au Follow SBS News on TikTok: / sbsnews_au Follow SBS News on X: / sbsnews Follow SBS News on Facebook: / sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback or complaints: https://sbs.com.au/complaints