HANOI, Vietnam (AP) — The war in Iran is exposing the world’s reliance on fragile fossil fuel routes, lending urgency to calls for hastening t…
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NEW YORK (AP) — The U.S. and Israel's war with Iran has thrust the Strait of Hormuz once again into the crosshairs of a geopolitical conflict.
CAIRO (AP) — Sayyed Ragheb was already struggling to keep his family afloat, earning less than $100 a month. Now he fears it will get even wor…
BISMARCK, N.D. (AP) — Tennessee farmer Todd Littleton expects to pay $100,000 more for fertilizer this season, a 40% spike from his bill last …
NEW YORK (AP) — The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide. And in the U.…
Airline ticket prices are starting to climb as carriers respond to rising jet fuel costs tied to the war in Iran. Cathay Pacific, Air France-KLM and a handful of other carriers already have raised their fares or added fuel surcharges. United Airlines CEO Scott Kirby has warned that higher ticket prices will “probably start quickly.” Experts say it’s not a question of if airfares rise, but when and by how much — especially on long-haul international routes. The security director of a global risk management company advises travelers to book early, set fare alerts and use frequent flyer miles or credit card points instead of holding out for a perfect deal.
The U.S. is temporarily easing part of its sanctions measures on Russian oil, a reflection of global worries about sharply higher oil prices due to the Iran war. U.S Treasury Secretary Scott Bessent says the U.S. will lift sanctions for 30 days on Russian oil that is already aboard tankers. That means customers in other countries can buy it without worrying about sanctions punishment. The move, intended to soothe jittery markets over the disruption of Middle Eastern oil and gas supplies, underlines how the Iran war has boosted Moscow’s ability to profit from its energy exports, a pillar of the Kremlin’s budget as it presses its invasion of Ukraine.