Rising Fuel Costs Pressure Airlines and Truckers
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
The president said the U.S. could accompany tankers through the Strait of Hormuz if necessary to keep oil flowing. “We’ve already won in many ways, but we haven’t won enough,” he said.
The move is an escalation of military operations and a pressure campaign against Nicolás Maduro, Venezuela’s leader. But its scope and economic impact are not clear.
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
The ship, which was flying a Marshall Islands flag, was passing through the Strait of Hormuz when it lost contact with its managers.