Polish PM Donald Tusk cautioned against a political conflict with Ukraine, calling it a strategic mistake. This follows Poland revoking Zelenskyy's top honor after he supported renaming a unit after nationalists who massacred Poles in WWII. Meanwhile, Ukraine's attacks on Russian fuel supplies in Crimea have led to civilian gas sales suspension.
Ukraine's sustained drone attacks on Russian oil refineries are leading to widespread fuel shortages, with some regions implementing purchase limits and prices soaring, causing public discontent.
Adel Mohsen, a Yemeni football enthusiast, struggles to watch the World Cup due to power cuts, fuel shortages, and economic hardship exacerbated by over a decade of war. He relies on a public screen in Mukalla, unable to afford home electricity backups or internet streaming.
Sri Lanka has made significant strides in economic stabilization since its 2022 collapse, with growth returning, inflation tamed, and tourism booming. However, structural weaknesses, high public debt, and low investment persist, indicating an incomplete recovery.
Sri Lanka has moved away from its 2022 economic collapse, with growth returning, inflation falling, and tourism booming. Supported by an IMF program, the nation has achieved macroeconomic stabilization. However, structural weaknesses, high public debt, and low investment persist, indicating an incomplete recovery.
Crimea is experiencing severe fuel shortages and increased vulnerability due to Ukrainian drone attacks targeting supply routes and infrastructure. Residents face long queues for gas, while experts note the attacks highlight the peninsula's strategic weaknesses.
As Russia faces setbacks in Ukraine, analysts fear Vladimir Putin may escalate the conflict rather than capitulate. Potential reactions range from cyberattacks and sabotage to nuclear threats, as Ukraine gains ground and Russian influence campaigns expand.
The Cold Chain Federation warns the UK's food supply system is at risk due to fuel shortages, cyber attacks, extreme weather, and international conflicts, urging the government to prioritize resilience amid critical infrastructure concerns.
Ukraine's chief of staff stated ending the war by winter is realistic, while Kyiv faced heavy Russian attacks. France detained a Russian oil tanker, and dozens of countries denounced Russia at the UN over a drone incident in Romania.
Nearly three months after a Middle East conflict began, the Strait of Hormuz remains blocked, disrupting 14 million barrels of oil daily. Experts warn of critical refined product stock levels and potential "red zone" fuel shortages by July or August due to rising summer demand.
EasyJet's CEO assures no summer jet fuel shortages, despite Iran war-related price hikes and supply chain concerns. He notes a trend of later bookings due to uncertainty but expects strong demand.
The UK has controversially eased sanctions on Russian crude oil imports for diesel and jet fuel to prevent shortages, as the Iran war disrupts global supply. The move, not mirrored by the EU, faces political backlash.
Gaza bakeries face severe flour and fuel shortages due to Israeli import restrictions, leading to long queues, rising prices, and a black market. Over a third of Gaza's population relies on subsidized bread, now increasingly scarce and unaffordable.
India is experiencing significant increases in fuel prices and shortages of cooking gas, with citizens like Ranjan and Sushmita Sankar reporting tripled costs for LPG and reduced car mileage due to ethanol-blended petrol. The government is exploring higher ethanol blending in vehicles and has banned sugar exports to ensure local supply and raw material for ethanol production.
CIA Director John Ratcliffe made a surprise visit to Cuba, urging "fundamental changes." The visit coincides with Cuba's announcement of severe fuel shortages and widespread blackouts.
Prospect of flight cancellations and petrol shortages prompt people to switch from air and road to rail and busThe Middle East crisis, now in its 11th week, has resulted in higher fuel prices for drivers and prompted fears of jet fuel shortages, rising air fares and cancelled flights.Given the uncertain outlook, prospect of higher travel costs and potential disruption, we asked whether people had changed their holiday plans. Continue reading...
The economic warnings are bleak, but full extent of shortages are still not felt for many European countriesThe biggest energy shock in modern history, jet fuel shortages “within weeks”, a global recession – since Iran throttled shipping flows through the strait of Hormuz at the end of February the economic warnings have become increasingly dire.Yet 10 weeks on from the first US-Israeli attacks, share indices, companies and governments have been surprisingly sanguine. Every day the divergence grows between the eerie quiet on markets and alarming warnings of an imminent supply chain crunch. Continue reading...
Tired of petrol shortages and skyrocketing prices, Simón Huanca took matters into his own hands. The 53-year-old Indigenous artisan imported a Chinese electric car to navigate El Alto, Bolivia’s highest city, using the vehicle to transport both his family and the alpaca wool for his weaving workshop. He also installed a dedicated charger in his own garage, mainly for convenience, but also because there are only three public charging stations serving the vast metropolitan area of El Alto and...
News delivered by Deaf journalists covering international wars, elections, cyclones, and fuel shortages is set to wind up next month due to a federal government grant ending.
The owner of British Airways has said it does not expect its services across main markets to be affected by the threat of jet fuel shortages "throughout the summer", as supplies are squeezed by the effects of the US-Iran war.
Ryanair says that unlike others it will not be cancelling summer flights, as it hedged fuel contracts before Iran warBusiness live – latest updatesAirlines that cancel flights because of fuel shortages this summer will still have to compensate passengers under European law, the EU transport commissioner has said.Apostolos Tzitzikostas told the Financial Times that jet fuel prices or shortages did not meet the criteria that protect EU airlines from passenger claims. Continue reading...
Oil executives have warned that the supply disruption in the Middle East will soon cause actual fuel shortages in some parts of the world.
The upcoming local elections on Thursday and jet fuel shortages dominate Wednesday's papers.
Jet fuel prices have surged over 120% since the start of the Middle East conflict, rising from $831 per tonne in late February to $1,838 in early April. With the Strait of Hormuz blocked for eight weeks, Europe faces potential physical shortages by June as reserves drop to critical levels. The UK, Europe's biggest jet fuel consumer, is particularly vulnerable with 65% of supplies imported and only four refineries remaining. Airlines including Lufthansa have already cut 20,000 flights, while fares on long-haul routes have jumped significantly - London to Melbourne is now 76% more expensive than last year.
