Jet fuel prices double as Iran conflict disrupts global aviation

Jet fuel prices have surged sharply in recent weeks, sending shockwaves through the global aviation industry as supply disruptions linked to the Iran conflict drive costs to levels not seen in decades. Data from the International Air Transport Association shows the global average price of jet fuel reached 197 dollars per barrel last week,......

Chinese battery giants gain $70 billion as oil shock boosts EV demand

China’s leading battery manufacturers have added more than 70 billion dollars in combined market value since the start of military strikes on Iran, as investors shift toward companies expected to benefit from rising oil prices and accelerated electric vehicle adoption. Shares of CATL, BYD, and Eve Energy have outperformed major oil......

LPG tankers cross Strait of Hormuz toward India amid Asian energy shortages

Two liquefied petroleum gas tankers have passed through the Strait of Hormuz heading to India as Asian governments scramble to manage a widening energy crisis triggered by the United States and Israeli war with Iran and the disruption of shipping through the critical waterway. The conflict has sharply reduced traffic through the strait, a......

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