The global air market is entering a period of intense turbulence, as the energy crisis triggered by tension in the Middle East begins to be directly reflected in the routes and availability of seats. The airlines are moving on to massive flight cuts, significantly limiting capacity within May, in an effort to manage the growing [...]
The constant rise in prices at stations, directly linked to geopolitical developments — Iran war, uncertainty in the Straits of Hormuz — has played a decisive role in the outbreak of the phenomenon. When gasoline costs too much, some choose to steal it. How they now steal fuel Modern cars are designed in a way that makes [...]
A billionaire businessman decided to go against the wave of fuel increases, offering gasoline at prices that are difficult to meet today. Recent developments in the Middle East and the tension around the Straits of Hormuz have significantly affected international energy markets, leading to increases in fuel prices that are passed directly [...]
The aircraft fuel crisis, caused by the closure of the Strait of Ormuz, forces major European airlines to cut flights and freeze aircraft, amid tightness in the offer, notes Politico. International Energy Agency chief Fatih Birol told the AP Thursday that the continent has «aircraft fuel stocks perhaps for [...]
