United Airlines CEO Scott Kirby has reportedly floated a possible merger with American Airlines.

West Texas Intermediate oil prices increased by 51 percent in March.

The S&P 500 index had fallen almost 8 percent since the start of the war in the Middle East.

Chinese President Xi Jinping has stated that China will play a constructive role in the Middle East.

A potential merger of United Airlines and American Airlines would create the largest airline and likely face significant antitrust challenges.