A looming jet fuel shortage in Europe and Asia, driven by the Iran war and closure of the Strait of Hormuz, could upend global travel within weeks if oil doesn't start flowing again soon – pushing up ...

NEW YORK (AP) — A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn't ...

PARIS—For more than a month, the war with Iran has choked off one of the world’s most critical sources of jet fuel, triggering a swift and dramatic shortage across the aviation world. Airlines, ...

An international jet fuel shortage is driving up airfares and triggering thousands of flight cancellations as airlines grapple with rising costs. Analysts warn the crisis could deepen in the coming ...

James LaPorta is the national security coordinating producer for the CBS News' Washington bureau. He is a former U.S. Marine veteran infantryman and veteran of the Afghanistan war. Washington — A U.S.

Gas prices are grabbing the headlines, but jet fuel prices have doubled in the last two months. So far, air fares are only up modestly. But that could change in the next couple of months. “We are ...

American flyers still smarting from interminable airport security lines are about to get another shock. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive ...

Jet fuel prices in the U.S. have more than doubled in a matter of weeks as Middle East tensions squeeze supply, fueling concerns airlines could run short of fuel. Prices jumped from about $2.17 to ...

ISLAMABAD: Under the latest fuel price revision effective March 14, the Petroleum Levy (PL) accounts for 32 percent of the ex-depot price of petrol and 16 percent of High-Speed Diesel (HSD). With the ...

A surge in jet fuel prices is already rattling the airline industry, driving up fares and is expected to hit financial results. Jet fuel is generally airlines' biggest cost after labor, accounting for ...

WASHINGTON — An executive jet the Department of Homeland Security has told the White House’s Office of Management and Budget it needs for immigrant deportation flights and Cabinet officials’ travel ...