Fuel

Airline shares battered, airfares surge as Iran war pushes oil above $100

Some jet fuel prices have doubled since the start of the conflict, with a growing risk of widespread aircraft groundings due to a potential drop in travel.

An Emirates Airbus A380 passenger aircraft prepares for landing at Dubai International Airport in Dubai on March 8, 2026.
People walk as smoke rises in the background after a reported strike on Shahran fuel tanks, in Tehran, Iran, March 8, 2026

US surprised by scope of Israel's attacks on Tehran fuel depots, warns strikes could backfire

Smoke rises following an explosion, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 7, 2026.

Israel’s strikes expose the vulnerability of Iran’s energy lifeline

An F/A-18F Super Hornet prepares to launch from the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran, February 28, 2026.

Just one in four Americans supports US strikes on Iran, Reuters/Ipsos poll finds


Iran's IRGC seizes two vessels in Persian Gulf, official threatens US with 'massacre and hell'

The IRGC Navy’s Public Relations Department alleged that more than one million liters of smuggled fuel were found on the ships.

Islamic Revolutionary Guard Corps (IRGC) Navy's speedboats move during an exercise in Abu Musa Island, in this picture obtained on August 2, 2023

How Iran’s economic collapse is tightening the regime’s options - analysis

Iran’s central bank began distributing a 5,000,000-rial “Iran-cheque” on Sunday, describing it as a step to “facilitate the circulation of cash” and speed up everyday transactions.

IRANIAN BANKNOTES are displayed next to a US dollar bill in Neyshabur, Iran on December 30, 2025. The Iranian rial has continued to weaken against the US dollar amid high inflation, currency volatility and ongoing economic pressures linked to sanctions and domestic challenges.

Boeing, Technion move Israeli sustainable jet fuel project into implementation phase

Boeing and the Technion are moving their joint sustainable aviation fuel initiative from feasibility work into hands-on development of cost-competitive electrofuels.

Technion President Prof. Uri Sivan, President of Boeing Israel, Maj.-Gen. (res.) Ido Nehushtan, and Boeing Global President Dr. Brendan Nelson.

'Seven years to clear this rubble': UN says Gaza filled with over 60 million tons of debris

There are over 60 million tons of rubble in Gaza, the UN official claimed, enough to nearly fill 3,000 container ships, and enough for everyone in Gaza to be surrounded by 30 tons of it on average.

Destroyed buildings as seen from an Israeli military outpost within the borders of the ‘yellow line’ in the eastern part of Gaza City in the Gaza Strip. The photo was taken as part of an IDF ‘embed’ and reviewed by the IDF before publication.

Fuel prices in Israel to drop below 7 shekels per liter for first time since 2023

Fuel prices will drop below 7 shekels per liter for the first time since 2023, with the new rate of 6.85 shekels taking effect on January 1, the energy ministry announced.

View of the southern Israeli town of Beer Sheva. March 31, 2025.

Iran seizes foreign oil tanker near Gulf, saying it was carrying millions of smuggled fuel liters

Iran said last week it had seized another foreign tanker carrying 6 million litres of what it described as smuggled diesel in the Gulf of Oman.

Etswani flagged vessel.

Iranians brace for Saturday fuel price surge as Islamic Republic's economy braces for worst

The proposal had been repeatedly postponed over fears it could trigger unrest similar to deadly protests sparked by a fuel price hike in 2019.

Iranians fill their vehicles at a petrol station in Tehran, on November 15, 2019. (STR/afp/AFP via Getty Images)

A revolution in the skies: How a curved wing saves airlines millions of dollars

Wingtip curves are now a key feature of modern aviation. Though they seem like a design detail, they have saved the industry billions and reduced air pollution.

El Al Plane.

Iran seizes Eswatini-flagged vessel for smuggling fuel

Iran seized an Eswatini-flagged ship carrying 350,000 liters of smuggled fuel off Bushehr, detaining its 13 crew amid ongoing efforts to curb fuel smuggling.

Etswani flagged vessel.

Iran to raise fuel prices under limited conditions amid energy crisis

Government officials have warned that subsidized fuel prices in Iran are "not rational," impose a heavy burden on state finances, and incentivise suboptimal consumption as well as force fuel imports.

 Cars queue at a petrol station, after fuel price increased in Tehran, Iran November 15, 2019.