Europe is confronting a severe jet fuel shortage and rising prices due to disrupted imports from the Middle East caused by the Iran war and closure of the Strait of Hormuz. Domestic production covers most demand, but the loss of about 500,000 barrels per day of imports—mainly from the Middle East—has forced Europe to compete globally for alternative supplies from the U.S. and Nigeria. Airlines face higher costs and potential flight cancellations, with some carriers already adjusting schedules and fares. The situation poses a critical challenge for summer travel, with analysts warning that physical fuel scarcity could lead to widespread disruptions beyond just price increases.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Allied Critical Metals announced positive assay results from its 2026 drilling campaign at the Santa Helena Breccia, part of the Borralha Tungsten Project in Portugal. The first drill hole confirmed broad zones of high-grade tungsten mineralization, ...
XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...
Revolut has received preliminary approval from Dubai's Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, including broker-dealer, asset management, and exchange functions. This approval allows UAE customers to trade and...
Gold and silver prices are under pressure ahead of key U.S. retail sales data that could influence Federal Reserve interest rate decisions. Central banks, led by Poland and China, continue to boost gold reserves, adding 41 tonnes in May, supporting l...
