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The war with Iran is making oil changes pricier. And a deal won't solve it

war in Iran, airlines around the world are canceling flights and scaling back routes due to surging jet fuel prices.](https://npr.brightspotcdn.com/dims3/default/strip/false/crop/2856x2856+677+0/resize/100/quality/85/format/jpeg/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F9b%2F66%2F20a4d7a94b11b7aab921d6132a81%2Fgettyimages-2270636076.jpg)](https://www.npr.org/2026/04/16/nx-s1-5785258/jet-fuel-airline-cost-iran-war-oil) ### [Middle East conflict](https://www.npr.org/series/1205445976/middle-east-crisis) ### [Jet fuel prices double, leading airlines

Sean Duffy faces backlash for new family reality show: ‘unfocused and out of touch’

Iran](https://www.theguardian.com/world/us-israel-war-on-iran) continues to disrupt the oil industry. That rise in cost contributed, among other factors, to the [collapse](https://www.theguardian.com/business/2026/may/01/spirit-airlines-stops-operation-after-failed-deal) of low-budget carrier Spirit Airlines. “I wanted to lean into

Alleged Correspondents' Dinner shooter to appear in court. And, Charles III visits U.S.

war in Iran and lingering controversy surrounding the Jeffrey Epstein scandal. Despite these challenges, many people hope that the visit [will help ease tensions](https://www.npr.org/2026/04/26/nx-s1-5788696/king-queen-state-trump) and strengthen the long-standing ties between

Amid the fertiliser crisis, Africa has a chemical-free option: Agroecology

war on Iran, it appears we are veering towards another global food crisis. The conflict is driving up the costs of fuel, fertilisers, plastics and transport, resulting in higher food prices for communities from Manila

Snack giant switches to black and white packaging as Iran war hits ink supplies

Iran effectively closed the [key Strait of Hormuz waterway](https://www.bbc.com/news/articles/c78n6p09pzno) in retaliation for US and Israeli strikes on the country. In recent weeks, companies around the world have warned that supply disruptions

UK to appeal against tax ruling cutting VAT on public electric car chargers to 5%

profit charging company, last month argued successfully that VAT should have been charged at 5%, rather than 20%, in a case at a London tax tribunal that could have a significant impact on electric

UK firms in ‘critical financial stress’ jump by a third as costs rise, report finds

Iran war, meant many UK firms were now in a precarious position. “The truth is that we remain a hostage to macro economic shocks beyond our control, and this combined with one of the most

The city caught in the middle of the big energy shift debate

profits drove up wages, property prices and the standard of living in north-east Scotland. There were busts as well as booms - oil has always been a volatile commodity - but on the whole Aberdeen prospered

Rachel Reeves to raise windfall tax on low-carbon electricity generators

profits made by the owners of older renewable energy and nuclear plants as electricity market prices soared after Russia’s full-scale invasion of Ukraine. She could announce the plans to raise the so-called

A Polymarket trader made $300,000 betting on Biden's pardons, a new analysis shows

company from operating, citing state gambling laws. But the federal government has sued to block those state laws to allow Kalshi and other prediction markets to operate.](https://npr.brightspotcdn.com/dims3/default/strip/false/crop/1997x1997+920+0/resize/100/quality/85/format/jpeg/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F98%2Fb1%2F02693b134b46b25e18f90225feda%2Fgettyimages-2263571512.jpg)](https://www.npr.org/2026/04/02/nx-s1-5771635/trump-cftc-kalshi-polymarket-lawsuits) ### [Technology](https://www.npr.org/sections/technology/) ### [Trump

How Chinese, Iranian companies profit in Russia-occupied Ukrainian regions

profitable ‘crisis’ Beijing, which calls the Russia-Ukraine war a “crisis”, has not recognised the occupied areas as part of Russia and repeatedly said it supports the idea of Ukraine’s “territorial integrity”. Chinese factories

Pope Leo decries world ruled by ‘tyrants’ after Trump attacks

Iran and the religious justifications for it by US officials. “Blessed are the peacemakers!” he said. “But woe to those who manipulate religion and the very name of God for their own military, economic

Iran war’s big winners: Wall Street, weapons firms, AI and green energy

profits, the crypto-based prediction platform Polymarket has been earning upwards of $1m a day since the start of the month by letting users make peer-to-peer bets on everything from sports tournaments

Fertiliser shortages will have ‘dramatic’ effect on global food prices, warns farming boss

Iran’s Islamic Revolutionary Guard Corps said on Wednesday [could soon reopen](https://www.theguardian.com/world/live/2026/may/06/trump-iran-hormuz-us-project-freedom-live-updates-middle-east-crisis?filterKeyEvents=false&page=with%3Ablock-69fb1cad8f08d59811001e38#block-69fb1cad8f08d59811001e38) – has throttled global supplies of fertiliser, crucial to growing food crops. Preston said that, although UK crops were unlikely

Iran says $270bn war loss must be compensated, as fresh talks with US loom

war,” he wrote. Iran dedicated close to $8bn for military spending in 2024, according to the Stockholm International Peace Research Institute (SIPRI) think tank, and officials pledged to [triple that budget](/news/2024/10/29/iran-plans-to-increase-military-budget-by-200-percent) after missile exchanges

First Thing: Tensions rise over Hormuz as Trump threatens to blow Iran ‘off the face of the earth’

Iran has denied this claim. Late on Monday, the container shipping company Maersk said the Alliance Fairfax – a US-flagged vehicle carrier – exited the Gulf. Shipping [industry experts remain skeptical](https://www.theguardian.com/business/2026/may/04/strait-of-hormuz-donald-trump-us-navy-iran-shipping) about whether

Russian oil exports slump as Ukraine hammers ports and refineries

profits it would have made from oil exports during March and April, as the war in the Gulf sent prices soaring to above $100 a barrel, a series of sources suggest. Ukraine intensified a long

Concierge firm co-founded by queen’s nephew went on ‘ill-timed’ hiring spree before Iran war

war on Iran](https://www.theguardian.com/world/us-israel-war-on-iran). Quintessentially almost quadrupled staff in the regions from 22 to 84 during its financial year to 30 April 2025, according to newly released annual accounts, which again reported multimillion

Middle East crisis live: US and Iran in blockade stalemate as Washington’s navy secretary leaves office ‘immediately’

companies and Iran’s semi-official Tasnim news agency – the first time Iran has seized ships since the war began in late February. In other key developments: - **Trump was “satisfied” with the US naval blockade

The threat to summer holidays looming from jet fuel shortages

profitable before this crisis came along, it is now firmly under water and losing money in a big way," says Jonathan Hinkles, a former chief executive of the regional carrier Loganair and current