A spike in jet fuel prices stemming from the Iran war is passing through to consumers, resulting in more expensive airfares for summer travel, analysts said. The CEO of United Airlines, the world’s largest by capacity, warned Tuesday that ticket prices may increase by 20%. Global airlines are making contingency ...
Volkswagen inks Iron Dome deal in defense pivotVolkswagen inks Iron Dome deal in defense pivot
Volkswagen is pivoting from cars to military tech at one of its factories, a reflection of the challenges facing Germany’s auto sector. The company plans to use an embattled German car plant to manufacture components for Israel’s Iron Dome missile defense system, the Financial Times reported. It’s the highest-profile example ...
Iran allows China ship to transit Strait of HormuzIran allows China ship to transit Strait of Hormuz
The first Chinese-owned cargo vessel successfully passed through the Strait of Hormuz since Iran began letting a select number of ships navigate the waterway, Caixin reported. In the last three weeks, Tehran has let some non-Western ships pass through a “safe” corridor in the strait that bypasses traditional shipping lanes, ...
NASA aims to build $20B lunar baseNASA aims to build $20B lunar base
NASA is abandoning efforts to build a space station orbiting the Moon, and will instead put $20 billion toward a lunar base, officials announced Tuesday. The ambitious plan calls for dozens of launches in the next decade, with crews eventually exploring the lunar south pole. “The goal is not flags ...
Middle East crisis live: Trump claims Iran has agreed ‘never’ to have a nuclear weapon as he reportedly approves sending more troops to regionMiddle East crisis live: Trump claims Iran has agreed ‘never’ to have a nuclear weapon as he reportedly approves sending more troops to region
President makes latest claim in White House press briefing as Sky News and NBC News report pending deployment of more than 1,000 soldiers to Middle East JD Vance role touted as Pakistan attempts to broker US-Iran peace talks In Australia, the number of petrol stations running out of fuel continues ...
UK offers to host international summit on reopening strait of HormuzUK offers to host international summit on reopening strait of Hormuz
Defence chiefs have been discussing how to unblock the conduit for about a fifth of the world’s oil supplies The UK has offered to host an international security summit to draw up a “viable, collective plan” to reopen the strait of Hormuz as economic fallout from the Iran conflict continues. ...
Tangled trail probably leads from Golders Green ambulance attack to TehranTangled trail probably leads from Golders Green ambulance attack to Tehran
British investigators are circumspect but experts and security officials say incident has hallmarks of Iranian intelligence Middle East crisis – live updates From Golders Green, where four ambulances belonging to a Jewish charity were set alight in the early hours of Monday, a tangled trail probably leads across two continents ...
US set to send airborne troops to Middle East as Trump claims talks with Iran taking placeUS set to send airborne troops to Middle East as Trump claims talks with Iran taking place
Israel and Gulf states are targeted by Iran while Tehran denies any negotiations with US to end war Middle East crisis – live updates The US is poised to deploy airborne troops to the Middle East as strikes intensified across the region on Tuesday and Donald Trump claimed the US ...
The Guardian view on the Iran war: energy, markets and a dangerous illusion | EditorialThe Guardian view on the Iran war: energy, markets and a dangerous illusion | Editorial
Markets and the Treasury are pricing a quick exit. Without a credible political endgame, Donald Trump cannot deliver one Whatever else Donald Trump’s “pause” is, it is not a ceasefire. Iranian barrages targeted Israel, Gulf Arab states and northern Iraq on Tuesday, while Israeli and US warplanes struck across Iran. ...
Prediction markets eye self-regulationPrediction markets eye self-regulation
Under pressure from federal and state lawmakers, Kalshi promised to ratchet up scrutiny of athletes and politicians who trade on their own contests. “All markets have bad actors,” a lawyer for the prediction market operator wrote. “We believe that staying ahead of bad actors means developing new technology and policies.” ...