Business

Middle East tensions surged, pushing oil prices up over 3% as the crisis hit its 100th day with little peace progress. Recent Israeli strikes in Iran and Lebanon, despite a truce, have dimmed hopes for a deal and reopening the vital Strait of Hormuz. OPEC+’s approved output increase faces hurdles due to supply disruptions.

Sustainable Aviation Fuel (SAF) production is critically low, meeting only 0.8% of demand by 2026, IATA reports. Airlines face a $4.3 billion SAF bill this year, with insufficient policy support hindering progress. Experts warn unrealistic mandates, especially for e-SAF, could inflate prices and divert resources from actual emission reductions.