Keep pulling the thread on United States.
The Strait of Hormuz has opened and closed nearly a dozen times since the U.S. attack on Iran in February.
Fatih Birol, the head of the International Energy Agency, stated that Europe has approximately six weeks of jet fuel reserves remaining.
A shortage of jet fuel could make Europe militarily vulnerable to Russia and could be a deciding factor in ending a conflict.
An oil price of $150 to $170 per barrel would likely be required to destroy enough global demand to match the 7 million barrel per day supply loss from the Strait of Hormuz disruption.
A jury has ruled that Live Nation illegally monopolized the concert business through its vertical integration of a promotions arm and a ticketing platform.
Internal messages from a Live Nation executive, revealed at trial, described concertgoers as "so stupid" and admitted to "gouging" them on ancillary fees.
A U.S. court has struck down certain Trump-era tariffs and ordered the federal government to refund billions of dollars to over 500,000 affected companies.
Donald Trump suggested that companies should not request their court-ordered tariff refunds, stating it would be "brilliant" and that he would "remember" those who complied.
Fatih Birol of the International Energy Agency predicted that some European flights might be canceled due to a lack of jet fuel.
Lufthansa and Air Canada have canceled flights, reportedly due to jet fuel supply issues.
Europe's effective jet fuel supply is approximately four and a half weeks, not six, because storage tanks cannot be fully emptied and require a 20% minimum level.
The United States exports approximately 270,000 to 300,000 barrels of jet fuel per day, primarily to Latin America and Europe.