Good afternoon. European airports are staring down a critical fuel shortage crisis, with industry groups warning that jet fuel reserves could run dry within three weeks. This supply crunch is already driving up fuel costs and threatens to hit flight schedules and ticket prices hard, adding another layer of expense to travel plans just as the industry was recovering from previous disruptions.
Meanwhile, the Middle East remains on a knife's edge as Israel continues strikes in Lebanon despite upcoming peace talks. Netanyahu has authorized discussions with Lebanon following Trump's intervention, but the situation is far from stable with Iran's participation in Saturday's talks still uncertain. The recent Israeli military campaign has already produced some of the deadliest episodes in Lebanon's history, with hundreds killed in rapid-fire attacks that lasted just ten minutes. Even if a ceasefire emerges, economists warn the economic damage from this conflict won't simply vanish with a peace agreement, meaning continued pressure on everything from energy costs to global supply chains.