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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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Mar 3, 2026 / Tyler Durden
Trump Floats Backing Anti-Tehran Insurgency As Alternative To US Boots On Ground
Trump Floats Backing Anti-Tehran Insurgency As Alternative To US Boots On Ground
It's only day four of the US-Israeli 'Operation Epic Fury' and there's already talks of a ground war and insurgency in Iran.
Of course, the White House is still saying it doesn't plan to send US boots on the ground (though is 'not ruling it out'), while also proclaiming the US wants regime change in Tehran, and the dismantling of the Islamic Republic as a state and system is a formal objective.
But as the Bush Necons learned in Iraq,...
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May 12, 2026 / Tyler Durden
'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat
'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat
Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.
Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.
The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals.
“Excess profits in the AI era...
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May 11, 2026 / Tyler Durden
People Are Seeing More Fireballs; Astronomers Can't Explain It...
People Are Seeing More Fireballs; Astronomers Can't Explain It...
Authored by T.J.Muscaro via The Epoch Times,
Just as it faces an annual hurricane season and tornado season, North America is also experiencing an annual “fireball season,” according to NASA.
“From February through April, the appearance rate of these very bright meteors can increase by as much as 10 percent to 30 percent, especially around the weeks of the March equinox,” NASA explained in a statement in late March.
”Exactly why is not known. Some astronomers think the Earth passes through more large debris...
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