World news

World news

Jet fuel prices, which were around $85 to $90 per barrel before the attack on Iran, have soared to between $150 and $200, New Zealand's flag carrier said on Tuesday as it suspended its financial outlook for 2026 due to uncertainty over the conflict.

When a service member is killed in combat, they deserve better than this. It's a simple matter of respect to make sure that everything is accurate. Prematurely announcing a death risks misidentification, which can erode public trust if corrections are later required.

He's dealing [with it], and it may be a friendly takeover, it may not be a friendly takeover. Wouldn't really matter because they're really down to as they say, fumes. They have no energy, they have no money. They are going to make either a deal or we'll do it just as easy, anyway.

In some countries, we're going to take those sanctions off until this straightens out. Trump told reporters, although he did not clarify which countries might benefit from this potential policy shift. At present, the United States enforces sanctions that restrict oil trade with several nations, including Iran, Venezuela, Russia, Syria, and North Korea.

While we have faced disruptions in the past, this one by far is the biggest crisis the region's oil and gas industry has faced. Aramco has been unable to ship crude cargoes out of the Gulf due to the disruption, but it hopes to meet customer demands by flowing crude through the east-west pipeline to the Red Sea port of Yanbu where it could be shipped to buyers.

To ease the temporary gap of oil around the world, we have given them permission to accept the Russian oil. We may unsanction other Russian oil," US Treasury Secretary Scott Bessent told Fox News, indicating the administration's willingness to further relax restrictions on Russian energy sales to address global supply concerns.