A ‘systemic’ jet fuel shortage is brewing in Europe — and flights could be hit hard
[ad_1] Europe’s airline industry is at risk of a “systemic” jet fuel shortage in the next few weeks if the Strait of Hormuz blockade continues, with the potential of hundreds of flight cuts, according to experts. Claudio Galimberti, chief economist at Rystad Energy, told CNBC’s Ritika Gupta on “Europe Early Edition,” on Tuesday that the […]
House Dem Sam Liccardo probes suspicious oil trades during Iran war
[ad_1] Rep. Sam Liccardo, D-Calif., attends a news conference with members of the Congressional Hispanic Caucus during the House Democrats’ 2025 Issues Conference at the Lansdowne Resort in Leesburg, Virginia, March 13, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Rep. Sam Liccardo, D-Calif., is probing whether the nation’s top financial regulators are […]
Tanker diplomacy: Trump faces tests from Havana to Hormuz
[ad_1] A man stands as a tugboat guides the Russian oil tanker Anatoly Kolodkin at the oil terminal in the port of Matanzas, northwestern Cuba, on March 31, 2026. Yamil Lage | Afp | Getty Images Energy shipments are increasingly being used as foreign policy tool as the Trump administration attempts to hold down two […]
U.S. and Iran could meet in Pakistan for peace talks next week: MS NOW
[ad_1] U.S. Vice President JD Vance, right, speaks during a news conference after meeting with representatives from Pakistan and Iran, as U.S. President Donald Trump’s son-in-law Jared Kushner, left, and U.S. Special Envoy to the Middle East Steve Witkoff watch, in Islamabad, April 12, 2026. Jacquelyn Martin | AFP | Getty Images The U.S. and […]
Here are all the ways the Iran war has affected the U.S. economy so far
[ad_1] In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images The Iran war is starting to show up in the U.S. economy in ways both obvious and not so much, with soaring energy costs leading the impact and potential […]
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
[ad_1] Conservative party leader Kemi Badenoch visits the Well-Safe Protector Oil Rig at Aberdeen’s South Harbour, on March 30, 2026 in Aberdeen, Scotland. Paul Reid | Getty Images News | Getty Images U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for […]
U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran
[ad_1] ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade […]
China calls U.S. blockade of the Strait of Hormuz ‘dangerous and irresponsible’
[ad_1] China has called the U.S. blockade of Iranian ports in the Strait of Hormuz a “dangerous and irresponsible act” that will further enflame tensions in the region. The Ministry of Foreign Affairs said Tuesday that the targeted blockade of the vital shipping channel, which began at 10:00 a.m. ET on Monday, coupled with an […]
U.S. begins blockade in Strait of Hormuz; Trump warns Iran ‘attack ships’ to stay away
[ad_1] A smartphone displays the MarineTraffic app showing numerous ship beacons near the Strait of Hormuz with a satellite view in the background, in Creteil, France, on April 8, 2026. Samuel Boivin | Nurphoto | Getty Images The U.S. on Monday said it began blocking ships from entering or exiting Iranian ports in the Strait […]
Airports could face a jet fuel crunch within 3 weeks as airlines weigh flight cancellations
[ad_1] Lufthansa Airbus A340 passenger aircraft as seen landing at Eindhoven Airport EIN during a rare charter flight, arriving from Athens, Greece. Nicholas Economou | Nurphoto | Getty Images Europe’s airport industry has warned that jet fuel shortages could hit within three weeks, disrupting summer travel and “significantly” harming the European economy. ACI Europe, which […]