If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
Category: Europe
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Debt Alarms Ring as Countries Rack Up More Emergency Spending
Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
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Fallout of War Piles Economic Pain Onto Europe’s Political Stress
Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.
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European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
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White House Secures Foreign Steel for Ballroom Project
ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom.
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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Theater Tickets Are Cheaper in London Than New York. What Gives?
For half the price of a great seat at a Broadway show, you can see “Paddington” in the West End (if you can find a ticket) and snack on a marmalade sandwich.
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Europe Heads for Another Energy Shock in a Vulnerable State
The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.
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For Western Oil Companies, War in Iran Means Bigger Profits, and Risks
American and European oil and gas companies are expected to earn a lot more as prices surge but are worried about the future.
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Oil Falls and Stocks in Asia Hold Steady
Oil prices had been gyrating this week, after a new round of attacks on major energy facilities in Iran and Qatar raised concerns about energy supplies.