Donald Trump’s Iran war hits Americans with $40bn fuel bill
Extra spending on petrol and diesel exceeds cost of repairing country’s bridges or rebooting air traffic control
Economic_News
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Defence groups clamour to delay US ban on Chinese rare earth magnets
Military contractors want more time to comply with prohibition years in the making and now just months away
EU plans to force companies to buy parts from non-Chinese suppliers
New rules to target chemicals and industrial machinery makers
European oil refiners and airlines confident jet fuel shortages can be avoided
Refiners maximise production and increase imports from US and Africa to offset loss of Middle Eastern supplies
The looming energy crunch
Supply squeeze due to the Iran war will get worse before it gets better
Iran energy crisis enters new phase as peak summer season approaches
Emergency measures spread as oil stockpiles run low