Airlines have started raising costs and cutting routes, increasing the risk of last-minute cancellations and disruption before the summer holiday season · FILE PHOTO. © Thomas Lohnes/Getty Images · Europe’s summer getaway is under threat as airlines slash thousands of flights amid a deepening jet fuel crunch, raising alarm among holidaymakers. Lufthansa alone is scrapping 20,000 services through October to conserve fuel, the…
Source:https://theconversation.com/wh... · The market for oil is global, which is why events like the war in Iran affect oil prices – and prices of the wide range of products made from oil – literally everywhere. Federal data shows that the price at the primary crude oil hub in the United States was US$66 a barrel in late February 2026 – before the U.S. and Israel attacked Iran – and $101 a barrel on April 13. Similar price increases have…
Authored by Tilak Doshi · When Simon Wakter, Political Adviser to Sweden’s Minister for Energy, posted on X last Wednesday with a simple “Wow, incredible article” and a clapping emoji, he captured the shock rippling through Europe’s energy commentariat. · The target of his applause was not some fringe sceptic but Germany’s own Economy and Energy Minister, Katherina Reiche. · In a guest column for the Frankfurter Allgemeine Zeitung, Reiche…
“Same as it ever was” is a phrase that continues to resonate in 2026. · Jamie Fraser/Getty Images - Author Craig Stevens Professor in Ocean Physics, University of Auckland, Waipapa Taumata Rau; Earth Sciences New Zealand · The oil shocks of the 1970s, triggered by conflict in the Middle East, sent global energy prices soaring and exposed the vulnerability of modern economies to fuel supply. They also sparked a global surge of interest…
The fallout from war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic. · Author Flavio Macau - Associate Dean - School of Business and Law, Edith Cowan University · Deep uncertainty about how long the disruption will continue has added a persistent “risk premium” – an…
The supply shock brought on by the conflict is teaching Brussels a vital lesson – one it will have to learn sooner or later By Ladislav Zemánek, non-resident research fellow at China-CEE Institute and expert of the Valdai Discussion Club https://www.rt.com/op-ed/authors/ladislav-zemanek/ · Gas station in Wendlingen am Neckar, Baden-Wuerttemberg, Germany, on April 6, 2026 © Michael Nguyen / NurPhoto via Getty Images · There …
The Western “anti-market” price limit disrupts supply chains amid rising energy demand, Deputy Foreign Minister Andrey Rudenko has said · Deputy Foreign Minister Andrey Rudenko © Sputnik / Kristina Kormilitsyna · [RT] Moscow will not supply oil to countries backing an “anti-market” price cap scheme, Russian Deputy Foreign Minister Andrey Rudenko has said, as demand for crude rises amid the Middle East conflict. · Western …
Scott Kuru · This oil crisis is about to hit Australians where it hurts: at the pump, in grocery prices, and across the broader economy. In this video, I explain how geopolitics, shipping routes, and energy market panic translate into real-world fuel shortages, rising diesel costs, and more pressure on already stretched household finances. I also map out the oil supply chain risks, the fuel security problem Australia has ignored for years, and…
Scott Kuru · Australia could be closer to a fuel crisis than most people realise. In this video, I break down why the government’s messaging has suddenly shifted, what is really happening with Australia’s oil supply, and why years of policy decisions have left the country dangerously exposed to global shocks. · We look at how Australia became heavily reliant on imported fuel, the alarming reality behind the country’s fuel reserves, and why…
Top headlines of conflict · - Oil prices surge as two oil tankers are attacked and explode in Iraqi waters, forcing Iraq to stop operations at its oil ports and sending oil toward $100/bbl. - 'Largest wave of missiles since hostilities began' launched into northern Israel by Hezbollah - The US Navy said it was 'too dangerous' to escort tankers through still. - President of Iran demands reparations and guarantees against future…
or