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 […]

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 […]

Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade

[ad_1] Wind turbines operated by Gamesa Eloica SA near Zaragoza, Spain, on Wednesday, March 25, 2026. Renewables are helping cushion the blow of higher oil and gas prices in Europe. Bloomberg | Bloomberg | Getty Images Spanish Economy Minister Carlos Cuerpo lauded the country’s energy resilience to the Iran war, saying a pivot to solar […]

Airline CEOs urged by lawmaker to lower fares if fuel prices come down

[ad_1] A JetBlue aircraft lands under the DC skyline featuring the U.S. Capitol building, near United Airlines, American Airlines and Delta Airlines aircraft on the tarmac at Ronald Reagan Washington National Airport in Arlington, Virginia, U.S. January 25, 2025. Jim Urquhart | Reuters A U.S. lawmaker is urging the CEOs of the country’s largest airlines […]

SantaCon promoter arrested for charity fraud, New York federal prosecutors say

[ad_1] SantaCon founder, Stefan Pildes leaves federal court after being arrested on April 15, 2026 in New York City. Edna Leshowitz | Getty Images The president of SantaCon was arrested on Wednesday on a federal criminal indictment accusing him of using the ticketed Christmas bar-crawl event to divert hundreds of thousands of dollars earmarked for […]