US airlines' spent over $6 billion on monthly fuel in May amid Iran war — up 84% from year ago
The latest government data reveals that U.S. airlines spent $6.66 billion on jet fuel in May 2026.
The latest government data reveals that U.S. airlines spent $6.66 billion on jet fuel in May 2026.
Companies that borrowed oil from the U.S. Strategic Petroleum Reserve in recent months will add an extra 40 million barrels of crude in the form of premiums after the conflict in Iran is over, U.S. Energy Secretary Chris Wright said on Friday in an interview on Fox Business.
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The United States Air Force has no plans to retire its remaining fleet of Boeing B-52 Stratofortress bombers for at least a couple more decades, and the old "BUFFs" as they are known, will be in service until the late 2040s or early 2050s, perhaps even longer. However, even as the Air Force will adopt the Northrop Grumman B-21 Raiders in the coming year, the B-52s won't be the only old workhorses that will remain in the bomber fleet.
The United States is "highly unlikely" to release more oil from its Strategic Petroleum Reserve to calm energy markets during the war with Iran, U.S. Energy Secretary Chris Wright told CNBC on Monday.
Treasury Secretary Scott Bessent says the US won't intervene in oil markets, but it might release more oil from the Strategic Petroleum Reserve. He also told Fox Business that Iranian oil already on the water could be unsanctioned.
The U.S. will release 172 million barrels from the SPR to help offset the supply disruptions caused by the Iran war. Energy Transfer benefited from the 2022 SPR release.
Selling oil from the U.S. Strategic Petroleum Reserve after the U.S. and Israeli attacks on Iran is 'not currently being discussed', a U.S. source said on Monday.
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The U.S. Federal Trade Commission on Tuesday said it finalized a consent order involving Boeing's acquisition of Spirit AeroSystems.
Boeing reached a new contract on Friday with about 1,600 white-collar workers with the former Spirit AeroSystems, which it re-acquired in December.
A union representing about 1,600 white-collar workers at fuselage supplier Spirit AeroSystems said on Thursday that it has reached a tentative agreement with Boeing on a new collective bargaining contract.