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 […]
Europe could run out of jet fuel in 6 weeks, IEA chief tells AP
[ad_1] Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images The International Energy Agency’s head warned Thursday that Europe maybe has six weeks left of jet fuel as the airline industry continues to grapple with headwinds due to the Middle […]
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 […]
NAACP sues Elon Musk’s xAI over Memphis data center air pollution
[ad_1] Gas turbines are visible at an xAI data center on Riverport Rd in Memphis, TN on April 25, 2025. Brandon Dill | The Washington Post | Getty Images The NAACP filed a lawsuit against Elon Musk’s xAI on Tuesday, accusing the artificial intelligence company of violating the Clean Air Act with its use of […]
Elon Musk’s xAI faces fresh opposition after landing permit for Mississippi power plant
[ad_1] Elon musk and the xAI logo. Vincent Feuray | Afp | Getty Images Elon Musk’s xAI, now owned by SpaceX, is facing a new legal challenge from environmental groups in Mississippi, where the company plans to build a massive, methane gas-burning power plant in the town of Southaven. Nonprofits including the NAACP, Young, Gifted […]
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 […]
Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict
[ad_1] A man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. […]
What this real-world oil price says about the level of stress in the energy market
[ad_1] A general view of Navigator Terminals, an Oil storage depot along the River Thames on March 10, 2026 in London, England. Dan Kitwood | Getty Images News | Getty Images The fluctuating price of dated Brent, the global benchmark for real-world barrels of crude, has prompted energy analysts warn to that acute stress in […]