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Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply
Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply
Authored by Tsvetana Paraskova via OilPrice.com,
Europe faces an imminent jet fuel crisis as the Iran war and Hormuz disruption cut off key Middle Eastern supplies.
Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia.
Airlines are already cutting capacity and warning of higher fares, with potential flight cancellations looming as fuel shortages intensify.
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed...
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Aug 3, 2026 / Tyler Durden
Saudi Arabia Has Five Points Of Leverage Over The US
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Authored by Andrew Korybko,
It probably won’t ever muster up the political will to use them, however, but the possibility always remains.
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Oct 7, 2026 / Tyler Durden
Better Late Than Never? EU Prepares Import Cap On Chinese Hybrids As Germany's Industrial Base Burns
Better Late Than Never? EU Prepares Import Cap On Chinese Hybrids As Germany's Industrial Base Burns
Some ten years after it should have, Europe is finally reaching for the brakes.
According to Bloomberg, the European Commission is preparing so-called safeguard measures to limit imports of Chinese hybrid vehicles, most likely via tariff-rate quotas that slap a levy on anything above a set volume. The cap would be time-limited, and Brussels plans to use hybrids as a "test case" which, if successful, could be replicated in other sectors where the bloc is...
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