Europe Faces Summer Jet Fuel Crisis as Iran War Slashes Supply
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed…
Oil Slides but the Real Test Comes This Weekend
Oil markets are hanging on U.S.–Iran talks as hopes for reopening the Strait of Hormuz push prices lower—but…
Airlines cancel flights, ground planes as jet fuel shock hits Europe – POLITICO
The German group also cited rising costs linked to recent strikes, which on Wednesday overshadowed the airline’s 100th anniversary…
South Korea Has An Oil Problem. Canada Is Helping To Fix It
Negotiations for an end to the Iran war have so far failed, and the Strait of Hormuz remains…
When the crisis is caused by oil dependence, the solution isn’t cheaper oil – The Irish Times
Amid the worst oil shock in global history, Ireland was on the verge of turning away oil tankers…
When will the Hormuz recession hit?
After the US-Iran peace talks broke down in Islamabad over the weekend, oil prices rocketed. Then came news…
What the world needs to know about the real stakes of the energy crisis – POLITICO
“[The] damage to household finances this year is to a large degree already done,” said James Smith, chief economist at…
Oil prices surge back above $100 as Britain stares down the barrel of mass protests
Oil prices have surged back above $100 – just as Britain’s farmers are set to plan mass protests…
Iran’s crumbling economy is the regime’s greatest weakness as authorities worry about making payroll
The Iranian economy was already in shambles before the U.S. and Israel launched their war on the Islamic…
Ireland cuts tax on motor fuel as protests grip the country – POLITICO
“It’s beyond comprehension that we were on the precipice of losing oil refining capacity in the country in…
Trump’s folly has unleashed economic chaos worldwide
The evidence is striking and the damage so far is all too evident. But the full extent cannot…
Bank of Japan wary of inflation pressure amid war in Middle East
The Bank of Japan is increasingly cautious about inflationary pressure stemming from rising crude oil prices amid Middle…