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.
Cuba's Foreign Minister Bruno Rodríguez stated on X that the US oil embargo is preventing the UN from distributing 170 containers of humanitarian aid due to a fuel shortage. The aid, valued at $6.3 million, is stuck, impacting the Cuban population and international organizations.
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.
Russian tourists are canceling tours to Crimea due to a fuel shortage on the peninsula, leading to long queues at gas stations. Approximately 10% of bookings have been canceled along the west coast and 5% on the south coast.
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.
Ryanair CFO Neil Sorahan expressed confidence in avoiding summer jet fuel shortages, despite Middle East conflict fears. However, he warned late bookings could lead to higher fares, with prices expected to be flat this summer. The airline reported record profits but suspended 2027 guidance.
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.
Petrol and diesel prices increased by Rs 3 per litre in India due to rising global energy costs amid the West Asia conflict, with prices now above Rs 100 in several cities.
Petrol and diesel prices increased by Rs 3 per litre in major Indian cities due to global energy price hikes amid the West Asia conflict, with CNG prices also rising in Delhi-NCR and Mumbai.
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.
Airlines have cut 13,000 flights globally in May as jet fuel prices soar due to the conflict in the Middle East.
Jet fuel has doubled in price since the start of the war on Iran. How bad will the disruption get and could this accelerate the route to jet zero?What happens to flights if the world runs out of oil? Well, obviously they will be grounded. To be more specific, is it possible, if the war in Iran does not resolve and the strait of Hormuz remains blocked, that airlines will simply run out of aviation fuel?It’s not a question anyone has had to ask before. Air travel has hit some hurdles this century that nobody could have seen coming – Covid, of course, but also the Icelandic volcano in 2010, which closed much of European airspace for eight days, cost an estimated €3.75bn (£3.2bn) and caused untold supply chain chaos. There have been problems contained within a country or region – the Heathrow substation outage and the Iberian energy crisis, both last year, both closing airports – but since air travel began, it has never been globally impeded by a fuel shortage. Continue reading...
