crunch

Dozens of countries agree to release 400 million barrels of oil to ease Iran war crunch

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The International Energy Agency said Wednesday that member countries had unanimously agreed to release 400 million barrels of oil from their reserves in a bid to ease prices that are soaring due to the Iran war. “The oil market challenges we are facing are unprecedented in scale, therefore I am very glad that IEA Member … Read more

Travel is about to get more expensive as Iran conflict sparks jet fuel crunch

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NEWYou can now listen to Fox News articles! Airfares could rise in the weeks ahead as the Iran conflict disrupts energy markets and squeezes jet-fuel supplies, increasing costs for airlines and passengers. Fuel traders are watching the Strait of Hormuz closely, because disruptions from U.S.-Israeli strikes and retaliatory Iranian drone and missile attacks could quickly … Read more