jet fuel

Russia has started rationing fuel following a large-scale Ukrainian drone strike on its energy infrastructure. Reports say Ukrainian long-range drones have hit oil depots and refineries, prompting Moscow to restrict petrol supplies in affected regions. The strikes highlight Ukraine's growing drone capability, which is inflicting economic damage deep inside Russian territory and straining the country's fuel distribution system.

Powerful storms are striking opposite sides of the United States at the same time, and meteorologists point to El Niño as the driving force. The climate pattern, marked by warmer Pacific waters, is reshaping jet streams and fueling severe weather on both the Atlantic and Pacific coasts, drawing wide attention to its growing impact.

Airlines are signaling that airfares could remain elevated even if jet fuel costs decline. Industry arguments center on factors beyond fuel, such as strong travel demand, limited aircraft supply, and labor and operating costs that keep pressure on pricing. The report suggests travelers should not expect ticket prices to fall in line with any future drop in oil prices.