‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh

Impact of disruption from Iran war may be felt into 2027 even if strait of Hormuz reopens, says aviation body boss

Increases in air fares for travellers in Europe are “inevitable” over the peak summer period because of the high cost of jet fuel, according to the head of the international aviation body.

While some airlines faced with weak demand have reduced their European fares recently, Willie Walsh, the former British Airways boss who leads the International Air Transport Association, said there was no way carriers could absorb the extra costs in the long run.

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Iran war oil shortage forces Japan snack giant to use black-and-white packaging

Calbee to switch its brightly coloured packaging to black and white because war has disrupted supply of certain raw materials used in ink

Japan’s biggest snack maker has been forced to use black-and-white packaging for some flagship products because of ink ingredient shortages caused by the strait of Hormuz blockade.

Calbee, whose potato chip brands in particular are known for brightly coloured bag designs, said 14 of its products would switch to monochrome branding by the end of May.

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Royal Navy tracks Russian frigate for one month off UK coast

Moscow steps up maritime presence in North Sea after UK threats to seize shadow fleet oil tankers

Britain’s Royal Navy tracked and followed a Russian frigate every day last month as it sailed from the Atlantic to the North Sea, as Moscow steps up its maritime presence after UK threats to seize shadow fleet oil tankers.

The Russian navy’s Admiral Grigorovich escorted six Russia-linked vessels during April, including at least three under economic sanction passing east through the Dover strait, while being watched continuously by four UK ships and helicopters.

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Airlines among companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costs

Airlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.

A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April.

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Wednesday briefing: How Trump’s attempt to reopen to strait of Hormuz brought war closer again

In today’s newsletter: ​The brief US effort to ​s​teer trapped vessels through the ​waterway ​put the fragile ceasefire under strain

Good morning. Uncertainty once again reigns in the Middle East. The uneasy ceasefire between the US and Iran threatened to disintegrate after Donald Trump launched an initiative – dubbed “Project Freedom” – to help thousands of sailors stranded in the Gulf by the war to pass through the strait of Hormuz.

To Iran, the announcement was a cynical provocation. Flurries of fighting restarted as Iran sought to maintain its grip on the critical passageway out of the region.

UK politics | Zack Polanski falsely claimed to be a spokesperson for the British Red Cross while campaigning for the Green party leadership, the charity has said.

Fuel shortages| Two million airline seats have been cut from this month’s schedules as airlines redraw their operations because of soaring jet fuel prices amid the Middle East conflict.

UK news| A British crew member who became ill after a suspected outbreak of hantavirus on luxury cruise ship the MV Hondius is to be medically evacuated, officials have said.

Tax | An increased windfall tax should be imposed on the UK’s largest banks, say trade union leaders, after the big four lenders reported almost £14bn in first-quarter profits, partly fuelled by market turbulence amid the Iran war.

Society | People from black backgrounds in England are twice as likely to experience strokes as their white counterparts, while also being less likely to receive timely care, according to the largest study of its kind.

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Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage

Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west Africa

A refinery in Nigeria accused of dismissing workers for joining a union has emerged as key to the UK government’s hopes of saving the summer holiday amid a jet fuel shortage.

Heidi Alexander, the transport secretary, said at the weekend that part of the answer to the strait of Hormuz crisis was to import more fuel from the US and west Africa.

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Iran supreme leader issues defiant statement on strait of Hormuz

Mojtaba Khamenei says Tehran will eliminate ‘enemy’s abuses of the waterway’ and guard its nuclear and missile programmes

Iran’s supreme leader has broken his recent silence with a defiant statement hailing Iran’s control over shipping in the strait of Hormuz and vowing to guard the country’s nuclear and missile programmes.

“Today, two months after the largest military deployment and aggression by the world’s bullies in the region, and the United States’ disgraceful defeat in its plans, a new chapter is unfolding for the Persian Gulf and the strait of Hormuz,” Mojtaba Khamenei said in a statement read by a state television anchor.

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How the UAE’s decision to leave Opec could recast the Middle East

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region

The United Arab Emirates’ decision to walk out of Opec is a political as much as business decision, and will reignite the simmering rows between the UAE and Saudi Arabia – which had been covered up by their shared anger with Iran over its attacks on the Gulf states since the start of the US-Israel war on Tehran.

In the short term, leaving the oil producing cartel it joined in 1967 gives the UAE the freedom to respond quickly to a long-term prospect of constrained supplies, and to maximise profit. But it is a decision the UAE has considered before, as UAE and Saudi tensions over production quotas have been longstanding.

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UAE quits Opec in win for Trump as oil cartel weakened

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices

The United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, as global energy markets contend with the biggest supply crisis in history.

The shock loss of the UAE, Opec’s third-largest oil producer, is expected to weaken the group, which for decades has worked together to use its collective oil production to influence global oil market prices.

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Renewable energy will boost national security and protect UK from sabotage, minister says

Widely dispersed wind farms and solar panels are harder to target than fossil fuel power stations, Michael Shanks says

Renewable energy will boost the UK’s national security and make the country more resilient against potential aggression or sabotage, the government’s energy minister has said.

Michael Shanks said widely dispersed wind farms and solar panels were much harder to target than large-scale fossil fuel power stations. They are also not vulnerable to supply shocks, such as the current oil crisis caused by the US-Israel war on Iran and the soaring gas prices that followed Russia’s invasion of Ukraine in 2022.

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Tokyo workers encouraged to wear shorts to cut energy costs and keep cool

Officials hope more casual attire for public servants will save electricity during Iran war as summer heat approaches

Public servants working for the Tokyo metropolitan government are being encouraged to swap their suits for shorts this summer to combat sweltering heat and rising energy costs caused by the US-Israel war on Iran.

Inspired by Japan’s Cool Biz energy-saving initiative, Tokyo officials hope the measure will cut dependence on air conditioning.

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Extended naval blockade is admission US military escalation poses even greater risk

Battle of the blockades may still have more time to run as the US and Iran try to assert control over the strait of Hormuz

Donald Trump’s decision to extend the naval blockade of Iran indefinitely may do nothing to reduce world oil prices – but it could amount to a recognition that further US military escalation in breach of the nominal ceasefire comes with greater risk against a regime disinclined to surrender.

In theory, Trump’s military options are increasing. A third US carrier strike group, the George HW Bush, is due to arrive in the Middle East within days after rounding South Africa. A second taskforce of 2,500 US marines is sailing from the Pacific and is due to arrive by the end of April.

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White House close to deal of up to $500m to rescue ailing Spirit Airlines

Rising costs have continued to plague the company, now facing soaring fuel costs due to the war with Iran

The White House is finalizing a financing package to help ailing US budget carrier Spirit Airlines, which could receive as much as $500m in loans as rising costs continue to plague the company.

News of the potential deal comes as Spirit and others struggle with soaring fuel costs due to the war with Iran.

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Climate groups sue US government over approval of new BP project in Gulf of Mexico

Advocates expressed alarm as new project drills deeper into ocean bed, pointing to company’s failures at Deepwater Horizon spill


Environmental groups have sued the Trump administration over its approval of BP’s huge new ultra-deep oil drilling project in the Gulf of Mexico, 16 years to the day since the company’s Deepwater Horizon disaster caused the worst oil spill in US history.

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Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027

Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in US

Chris Wright, the Trump administration’s energy secretary, acknowledged Sunday that it might not be until 2027 before US gas prices come back under $3 a gallon.

Asked by Jake Tapper, the CNN State of the Union host, when he thought “it’s realistic for Americans to expect the gas will go back to under $3 a gallon”, Wright replied: “I don’t know. That could happen later this year. That might not happen until next year.”

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Australia fuel watch tracker: check current petrol and diesel prices, service station outages and shipments – in charts

How much fuel does Australia have left today, and when could we run out? Track how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country.

The federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan as Australia battles a fuel crisis.

While we know there have been outages and price increases, it can be difficult to get a full picture of what is happening – this is partly due to the thousands of independent businesses and different governments involved. We have brought together the latest data on prices, outages and oil tanker deliveries.

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US starts naval blockade of Iranian ports after deadline passes

Iran warns Americans they face higher pump prices due to prohibition imposed on Monday evening

The US blockade of ships using Iranian ports in the Gulf has come into effect, turning the six-week-old conflict between the US-Israeli coalition and Iran into a test of economic endurance.

US Central Command (Centcom) made no formal announcement of the start of the blockade but had said it begin on Monday at 5.30pm Iranian time and would apply to any ships entering or departing Iranian ports or coastal areas, while ships using non-Iranian ports would not be impeded.

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Irish police clear Dublin blockade staged by fuel price protesters

Hundreds of officers deployed to regain control of O’Connell Street on sixth day of protests by farmers and hauliers

Police have cleared a blockade of central Dublin by farmers and hauliers who were protesting about fuel prices, signalling a possible end to six days of protests that have rocked Ireland.

Mounted units and hundreds of officers regained control of O’Connell Street in a peaceful operation that emptied the thoroughfare of trucks and tractors on Sunday morning.

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Collapse of US-Iran talks heightens fears of prolonged energy shock

Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf

The failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert for further oil and gas price rises.

With large numbers of oil tankers remaining stuck in the Gulf, the US vice-president, JD Vance, blamed the collapse of the talks on Tehran’s refusal to abandon its nuclear weapons programme, while Iranian sources hit back at “excessive” demands from Washington.

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Record number of homes in Great Britain turn to green energy as fuel prices soar

Iran war drives demand for solar panels, heat pumps and EVs, with energy bills expected to rise 18% from July

British households are turning to green home energy upgrades in record numbers to try to keep bills down as the Iran crisis sends global oil and gas prices soaring, data from leading energy suppliers suggests.

Figures show demand for solar panels, electric vehicles and heat pumps in Great Britain has leapt since the war began on 28 February, as households brace for a sharp increase in monthly payments when the next energy price cap takes effect in the summer.

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