Prices

Trump says he will suspend petrol tax amid soaring US fuel prices | Energy News

Senator Hawley plans legislative action supporting President Trump’s bid to waive the petrol tax amid rising consumer costs.

United States President Donald Trump said he will cut the 18-cent federal tax on petrol to offset surging prices that have continued to soar after his comments that the US ceasefire with Iran is on “life support”.

On Monday, Trump said he would suspend the petrol tax, but did not specify an end date.

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“Yup, we’re going to take off the gas tax for a period of time, and when gas goes down, we’ll let it phase back in,” Trump told CBS News.

Trump later told reporters that he would waive the tax, which generates $2.5bn in funds used for US roadway infrastructure, “till it’s appropriate”.

The US administration hinted at the idea on Sunday, when US Energy Secretary Chris Wright told the NBC News programme Meet the Press that the White House was considering suspending the tax.

While the Republican president claimed he would waive the tax, that is not within the White House’s authority. Suspending a federal tax requires an act of the US Congress.

However, key Trump ally Senator Josh Hawley, a Republican from Missouri, said on the social media platform X that he would introduce legislation on Monday to do that.

In March, Senator Mark Kelly, a Democrat from Arizona, proposed suspending the tax until October.

“I anticipate it would pass, but there could be a procedural delay. It also suggests that President Trump doesn’t see a quick end to the reduced volumes and is trying to cushion the American consumer,” Rachel Ziemba, adjunct senior fellow at the Center for a New American Security, told Al Jazeera.

“The impact could be greater in states that have also reduced their own petrol taxes and could reinforce differentiation between petrol prices by region.”

US states also tax petrol, with Indiana, Kentucky and Georgia moving to make cuts to give consumers some relief at the pump.

Petrol prices have continued to climb since the initial strikes of the US-Israel war on Iran on February 28. The average price for a gallon (3.78 litres) of regular petrol is $4.52, according to the American Automobile Association, which tracks daily petrol prices, compared with $2.98 when the strikes first began.

However, news of the stumbling ceasefire has sent oil prices surging. Brent crude futures were up $3.17, or 3.13 percent, at $104.46 a barrel, while US West Texas Intermediate crude was at $98.32 a barrel, up $2.90, or 3.04 percent. Brent reached a session high of $105.99 and WTI hit a peak of $100.37.

On Wall Street, stocks for oil and gas giants are trending upward. Shell was up 1.6 percent in midday trading, Exxon rose 3.1 percent, BP gained 2 percent, and Chevron climbed 1.7 percent.

Airline bailout?

Trump was also asked by CBS on Monday whether a bailout was planned for the airline industry, which has taken a hit since the war on Iran began.

The president told the outlet that a bailout had not “really been presented” and that “the airlines are doing not badly”.

However, earlier this month, budget carrier Spirit Airlines ceased operations after 34 years. Court documents said the airline shut down because of “recent geopolitical events resulting in a massive and sustained increase in fuel prices”.

That comes as other major US carriers raise prices. In April, United Airlines said it would raise fares by 20 percent amid a surge in jet fuel costs.

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U.S. consumer sentiment hits record low amid concerns about high prices

May 8 (UPI) — Consumer sentiment in the United States has hit another record low as Americans worry about the cost of life as gas prices continue to rise amid the war in Iran.

A monthly University of Michigan survey found that consumer sentiment dropped 3.2% in the last month — from 49.8 to 48.2 — and was down 7.7% over the course of the year, the university’s Institute for Social Research said on Friday.

Joanne Hsu, director of the university’s Surveys of Consumers, said that consumer sentiment is “essentially unchanged” from April, while the current economic conditions survey dropped 9% because of high prices affecting personal finances and whether people will make major purchases.

The decline in the current economic conditions survey was down nearly 19% from last year.

She pegged the survey results to the effects of the U.S.-Israeli war in Iran, and specifically the widespread effects that Iranian and U.S. blockades of the Strait of Hormuz have had on the global economy.

“Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump,” Joanne Hsu, director of the survey, said in an analysis.

“Middle East developments are unlikely to meaningfully boost sentiment until supply disruptions have been fully resolved and energy prices fall,” she said.

Hsu noted that, in the surveys, “about one-third of consumers spontaneously mentioned gasoline prices, and about 30% mentioned tariffs.”

The index of consumer expectations did, however, show a 0.8% gain from last month, and is up 1.3% over last year.

May’s consumer sentiment survey is the lowest going back to 1952 — April also set a record — although markets did not react significantly after the institute published its preliminary data for this month’s surveys.

The Bureau of Labor Statistics on Friday also released its April jobs report, which showed that the economy gained 115,000 non-farm payroll jobs — more than double what Wall Street expected — but down from the 185,000 added in March.

For the 12 months ended in April, BLS noted that net payrolls were relatively unchanged.

The unemployment rate for April was unchanged from March at 4.3%.

President Donald Trump delivers remarks at an event he is hosting for a group that includes Gold Star Mothers and Angel Mothers in honor of Mother’s Day in the Rose Garden of the White House on Friday. Photo by Aaron Schwartz/UPI | License Photo

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British Airways warns ticket prices will SOAR to cover £1.7billion fuel bill

British Airways aircraft at Gatwick Airport.
epa11846878 British Airways aircraft at Gatwick Airport in London, Britain, 23 January 2025. The British government is considering airport expansions in London. Plans for a third runway at Heathrow and a second runway at Gatwick are under review by the Treasury in an effort to boost growth. Transport Secretary Heidi Alexander has a deadline of 27 February to decide whether to permit Gatwick to bring its existing emergency northern runway into routine use. EPA/ANDY RAIN Credit: EPA

BRITISH Airways passengers face higher fares after its parent company warned rising oil prices will add about £1.72billion to its fuel bill this year.

International Airlines Group (IAG), which also owns Iberia and Aer Lingus, said it expects to pass on part of the extra cost through ticket prices, with business class and other premium long-haul passengers among those most likely to be affected.

British Airway Planes Ahead Of International Consolidated Airlines Group SA Results
IAG warned the crisis could deepen if the strait remains blocked, with global jet fuel supplies potentially restricted Credit: Getty

Chief executive Luis Gallego said airlines need to increase fares to help offset fuel costs, which make up about a quarter of their spending.

The rise follows disruption linked to the Middle East conflict and the closure of the Strait of Hormuz, which normally carries about a fifth of the world’s oil and gas shipments.

IAG warned the crisis could deepen if the strait remains blocked, with global jet fuel supplies potentially restricted.

However, the group said it does not expect any disruption to summer fuel supplies.

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Mr Gallego said there is less jet fuel coming from the Middle East, but there are “other places with record supply” such as the US.

He said IAG has been “planning for situations like this for many years”, and has invested in its own jet fuel supply at its “main hubs”.

The company recorded a pre-tax profit of £365million during the three months to the end of March.

That was a 76.6% increase from £207million a year earlier.

The group now expects its annual fuel bill to reach £7.78billion.

Mr Gallego attributed the firm’s “strong first quarter” to “continued strong demand for our networks and airline brands”.

He added: “IAG is uniquely positioned to navigate the current headwinds created by the Middle East conflict thanks to our leading positions across diverse markets, strong brands, structurally high margins and strong balance sheet, as well as a strong track record of execution.”

IAG said about 3% of its capacity was “exposed to the Gulf region” at the start of the war on February 28, mostly with British Airways flights.

A large part of this has been redeployed, including boosting capacity at destinations where there are now fewer flights by Middle East carriers such as Bangkok, Singapore and the Maldives.

British Airways has also announced additional flights this summer on routes with higher demand for direct flights, such as India and Nairobi.

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Oil prices jump as US, Iran trade fire in Strait of Hormuz | Oil and Gas News

Brent crude rises amid clashes in critical waterway.

Oil prices have jumped after clashes between United States and Iran in the Strait of Hormuz pushed their tenuous ceasefire to the brink.

Futures for Brent crude rose as much as 7.5 percent during a volatile trading session on Thursday, before easing as Asia’s markets opened on Friday morning.

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The international benchmark stood at $101.12 per barrel as of 03:00 GMT, down from the day’s high of $103.70.

The latest rise came after the US and Iran exchanged fire in the critical strait, a conduit for about one-fifth of global oil and natural gas supplies, despite the truce announced between the sides on April 7.

US Central Command (CENTCOM) said it launched strikes on Iran after three US Navy guided-missile destroyers came under attack from Iranian missiles, drones and small boats in the strait.

Iran’s Khatam al-Anbiya Central Headquarters earlier accused the US of violating the ceasefire by attacking an Iranian oil tanker and another vessel in the vicinity of the waterway.

The Iranian military headquarters also accused the US of targeting civilian areas, including Qeshm Island.

US President Donald Trump on Thursday appeared to downplay the clashes, saying the ceasefire remained in effect, while Iran’s state-run Press TV said the situation had gone “back to normal”.

Shipping in the strait has been at a near standstill since late February amid the threat of Iranian attacks on the massive oil tankers that usually transport much of the world’s energy supplies.

Brent prices are up about 40 percent compared with before the war amid an estimated shortfall in daily production of 14.5 million barrels.

Asian stock markets opened lower on Friday amid the heightened tensions, with Japan’s benchmark Nikkei 225, South Korea’s KOSPI and Hong Kong’s Hang Seng Index each falling more than 1 percent.

On Wall Street, the benchmark S&P 500 fell about 0.4 percent overnight after hitting an all-time high the previous day.

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Katie Price’s son Junior Andre reveals he’s working on new music after being offered six-figure deal for huge new job

JUNIOR Andre has revealed he’s working on new music after talks to sign a huge new six-figure deal to team up with sister Princess for an exciting new project. 

Today The Sun told how Junior, 20, and Princess, 18, have sparked a bidding war amongst broadcasters desperate to work with them on their own podcast following the huge success of her ITV2 reality show. 

Junior has revealed he’s working on new music after spending the day in the studio Credit: Instagram
He released his debut single Slide in 2022 and enjoyed huge success with the track Credit: Instagram

Now Junior, who released debut single Slide in 2022, has told fans he’s working on new tracks. 

He took to Instagram to share a clip of him in the car and said: “Just finished the gym, on my way to the studio now.

It comes after The Sun revealed he and sister Junior are have sparked a bidding war to host their own podcast Credit: Shutterstock
Junior and Princess with their dad Peter Andre Credit: ABACA/Shutterstock

“I’m excited to make another banger, you lot just wait. I feel good.” 

Junior enjoyed huge success with his debut after Slide hit number one on the UK iTunes pop chart in 2022.

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We told how Junior and Princess, the children of Katie Price and Peter Andre, are still deciding to who sign with after the huge interest in them. 

A source exclusively told The Sun: “Princess and Junior are set to host their own podcast together. 

“There was a huge bidding war and they’re still deciding who to sign with.

“It’s worth six figures and everyone is really excited about it. 

“They really impressed a lot of podcast bosses on Princess’s TV show and during TV appearances, it’ll actually be their first time hosting together.”

Fans were obsessed with Princess and Junior’s dynamic on her reality show The Princess Diaries and it appears bosses are keen to replicate this on the podcast.

ITV2‘s The Princess Diaries follows Princess as she navigates social media influence, her personal branding and the challenges of being raised in the public eye while trying to trying to maintain a normal teenage life.

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Katie Price’s bikini struggles to contain her ‘biggest ever’ boobs as she sunbathes in Dubai

KATIE Price appeared to struggle to keep her ample assets protected as her tiny bikini struggled to handle her ‘biggest ever’ boobs.

The surgically-enhanced star shared a selfie of her enjoying a spot of sunbathing in Dubai – after jetting over to spend time with her fourth husband, Lee Andrews.

Katie Price’s boobs almost spilled out of her bikini Credit: Katie Price/Facebook/Backgrid
Katie regularly shows off her colossal bust Credit: Getty

In the snap, a very busty Katie risked her boobs from spilling out of her tiny bikini top as it struggled to protect her modesty.

Katie underwent her 17th boob job in 2024 in Belgium where she had work done to refine the biggest chest she has ever had.

Her previous breast surgery saw her get massive 2120cc implants in order to have the title of Britain’s biggest boobs.

Katie first began having breast surgery in 1998 where she initially went from a natural B-cup to a 32C.

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The star’s appearance has drastically changed over the years Credit: Splash
She has had 17 boob jobs throughout her career Credit: Getty

The following year, she had two further boob jobs before she took a break of seven years before having a fourth operation in 2006.

Since then, Katie has had some form of breast surgery almost every one or two years in order to change their shape and size.

Her current boobs are the biggest they have ever been.

Katie briefly returned to her natural B-cup and was without implants after her chest became infected in 2015 following the surgeries.

However, she soon quickly opted to have implants put back in, despite the risks, months later and went from her natural size to a major 32GG.

Known for her cosmetic surgery, Katie underwent her biggest change in 2019 when she opted for a full body overhaul in Turkey.

During her visit to the surgeon, she underwent a third facelift, an eye and eyelid lift, her first BBL, a tummy tuck as well as her 14th breast surgery.

However, the following year, she was forced to jet to Belgium to correct some of the work after it was reported she was left with botched boobs from the Turkish clinic after undergoing the assortment of procedures.

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Shares slip as oil prices stay elevated near peaks on Iran war concerns

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Oil prices fell back in early trade but remained elevated as investors kept an eye on escalating tensions between the US and Iran and progress on ships passing through the Strait of Hormuz.


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At the time of writing, Brent crude was trading 1.38% lower at $112.86 while US crude, or WTI, was down 2.27% at $104 per barrel. US futures edged 0.1% higher.

Elsewhere, regional trading was thin overnight with markets in Japan, South Korea and mainland China closed for holidays.

Hong Kong’s Hang Seng fell 1.1% to 25,805.98. Australia’s S&P/ASX 200 lost 0.5% to 8,649.80, while Taiwan’s Taiex traded 0.2% lower at 40,626.22.

The fragile ceasefire between the US and Iran was tested on Monday after the US military said it had sank six Iranian small boats targeting civilian ships, while two US-flagged ships successfully passed through the Strait of Hormuz.

The key waterway for oil and gas transport remains largely closed despite repeated demands from the US for Iran to reopen the strait and as the United States imposed a sea blockade on Iranian ports. US President Donald Trump’s “Project Freedom” plan under which the United States would help guide stranded ships through the Strait of Hormuz began on Monday.

Brent crude, the international standard, surged above $114 a barrel on Monday, gaining nearly 6%. Before the war began in late February, it was trading near $70.

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Meet the ‘second man’ in Katie Price’s life

HE’s the man whose been putting a smile on Katie Price’s face in her online videos – but it’s not her new husband Lee Andrews.

Last month, the former glamour model was hit with a six-month driving ban – her seventh one to date – and has had to find other means of getting around.

Katie Price has been leaning on a new man for support following her driving ban Credit: Getty
Fans are curious about her relationship with cameraman Ben Algar

Thankfully, Katie hasn’t had to look too far from home for help, with cameraman Ben Algar taking on unofficial chauffeur duties of late.

As a result, ‘Big Ben’ – as he’s nicknamed – has found himself on the other side of the lens, making an increased appearance in her unfiltered day-in-the-life videos on her socials – and it’s not escaped fan attention.

“Car pool with Benjamin,” read the caption of one recent karaoke themed video that sees the two crack up as they give a very different rendition of Guns n Roses’ Sweet Child of Mine.

“You like a bit of 80s don’t you,” Ben says clearly knowing Katie intimately.

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The two have a good rapport in videos, often cracking a laugh together on-camera
Ben has known Katie for decades Credit: Facebook
Unlike Katie’s new husband Lee Andrews, Ben has met and knows her kids Credit: wesleeeandrews/instagram

“Yeah but what song did you sing at mine during karaoke the other night?” Katie replies, hinting at a late-night jam together.

“New man??” asked one curious fan in the comments, with another concerned follower penning: “have you split with Lee?”

While a third pondered: “I wonder if Lee is jealous of Benjamin and his wife getting all cosy and having banter lol.”

But contrary to speculation, Ben has been a firm fixture in Katie’s life for decades, with their friendship striking up after filming a number of her reality TV shows over the years.

Sources credit Ben as a ‘stable influence’ and the ‘second man’ in the ex-glamour model’s life, in what has been another whirlwind few months for the star, following her driving suspension and surprise Dubai wedding to Lee Andrews in late January.

“The second man in Katie’s life is Ben, who has been by her side for years,” a source tells The Sun. “But he’s really stepped up recently amid her latest drama.

“He is probably the only stable man she’s ever had in her life outside of her family.

“They’re incredibly close friends and Ben has always quietly guided Katie, not only in her career but in her private life

“The whole family love him- he’s a really great friend to Katie and the entire Price gang. They all think he’s a legend.”

The Sun has reached out to representatives for Katie Price.

Ben is such a trusted ally, in fact that he even has a sweet relationship with her children – most notably Harvey, who has been back home with Katie over Easter.

Katie’s eldest even has a cute nickname for Ben, who is a dad-of-five himself, and calls him ‘Bouncy Ben’.

It’s a stark difference to new husband Lee Andrews who is yet to meet his new wife’s brood.

Harvey has a sweet nickname for cameraman Ben Credit: Paul Edwards

A video shared in late December saw another Ben appearance, with the caption reading: “Our secret camera man showing himself.”

The reality TV star revealed in it how he’s known as ‘Bouncy Ben’ to Harvey and shared the anecdote behind it.

“Harvey calls him Bouncy Ben because when Harvey was smaller, Ben used to lift him up and bounce him like that,” she said on camera, doing an impression of a toddler being thrown into the air.

“But we tried to explain to Harvey that Bouncy Ben can’t do that anymore.

“One, because you’re bigger than Ben now and you weigh a ton and a half,” she added, before Ben cut in: “And two, I’m not that strong.”

Ben’s closeness to Katie and her clan must be something of a blow to Lee, whose distance is claimed to be due to a travel technicality.

There is ongoing speculation that the 43-year-old is unable to leave the United Arab Emirates city after allegedly forging his ex-girlfriend Dina Taji’s signature to secure a £200,000 loan – something he’s strongly denied.

But air miles aside, Katie revealed in an interview on Good Morning Britain that she “wants to get to know him more” before they meet in real life, even if the kids have spoken to Lee over FaceTime.

Lee is on a travel ban and is unable to leave Dubai Credit: mistraesthetics/Instagram
Katie said she also “wants to get to know him more” before Lee meets her kids Credit: ITV

Lee’s travel ban isn’t the only scandal that’s come out about him, with Katie’s fourth husband having used AI to fake photos with Kim Kardashian and Elon Musk to drum up interest in his business, Aura Group.

The ‘Walter Mitty’ businessman has also been accused of scamming women by his ex-girlfriend Alana Percival, who he popped the question to in a nigh-on identical proposal to Katie’s.

Lee has strongly denied all claims, but the allegations haven’t eased her family’s concerns.

Buddy Ben’s frequent presence therefore couldn’t come at a better time for worried loved ones, who we’re told is quietly monitoring the marriage.

“Ben has definitely been concerned about some of Katie’s relationships and her marriage to Lee is no different,” our source tells us.

“Like Katie’s family who have some very valid worries about Lee, Ben is the same and has been quietly keeping an eye on it.”

The cameraman and confidante has a good relationship with Katie’s sister Sophie, working with the sibling duo on podcast The Katie Price Show.

Just this week, Sophie and Ben playfully teased Katie over a former boyfriend.

“He works with Katie all the time so is aware of what is going on in her life, it means he can keep watch over her,” the source adds.

“Katie is a grafter so work, along with her kids, will always be a priority. It means she’s always in contact with Ben.

“Her family know he looks out for her and are grateful for his input.”

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Spirit Airlines shuts down, saying it can’t keep up with higher oil prices

Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced Saturday that it has gone out of business after 34 years.

The ultra-low-cost airline that once operated hundreds of daily flights on its bright yellow planes and employed about 17,000 people said it had “started an orderly wind-down of our operations, effective immediately.”

Although Spirit had gone bankrupt twice before, the company said high oil prices, which have been rising because of the U.S.-Israeli war with Iran, made it impossible to stay aloft.

The airline said on its website that all flights have been canceled and customer service is no longer available.

“We are proud of the impact of our ultra-low-cost model on the industry over the last 34 years and had hoped to serve our guests for many years to come,” the announcement said.

U.S. Transportation Secretary Sean Duffy said Saturday that Spirit had a reserve fund set up for customers who bought directly from the airline to get refunds. People who bought from third-party vendors such as travel agents would have to seek refunds from them. He had a stark message for people flying with Spirit.

“If you have a flight scheduled with Spirit Airlines, don’t show up at the airport. There will be no one here to assist you,” Duffy said.

He said United, Delta, JetBlue and Southwest were offering $200 one-way flights for people who could confirm that they had Spirit confirmation numbers and proof of purchase for a limited time. Duffy also said other airlines would help with Spirit employees who might be stranded and would offer them a preferential application process as they look for work.

Spirit said in a statement that it was working to get more than 1,300 crew members to their home bases and that the final Spirit flight landed early Saturday at Dallas Fort Worth International Airport from Detroit Metropolitan Airport.

The company advised customers that they could expect refunds but there would be no help in booking travel on other airlines.

The Trump administration had considered a government bailout for the cash-strapped business to keep it from going under, but a deal was not reached. Of the potential bailout, Duffy said Saturday that “we oftentimes don’t have half a billion dollars laying around.”

President Trump had floated the idea of a bailout last week after the airline found itself in bankruptcy proceedings for the second time in less than two years with jet fuel prices soaring since the start of the Iran war.

‘They get you there’

Five Spirit flights were still showing as “on time” on Saturday morning on the departure board in Atlanta. A trickle of passengers who hadn’t heard the news were still showing up.

“What!?” exclaimed Taylor Nantang as she, her husband and four children arrived for a Saturday afternoon Spirit flight from Atlanta to Miami for a spur-of-the-moment vacation. The family had driven down from Tennessee to the Atlanta airport.

“So the whole airline at every airport is out of business?” asked Nantang. “Oh my, that’s crazy.”

Other passengers wondered whether the airline would still answer its customer service phone, or when the refunds for canceled flights might arrive on their credit cards.

Joshua Sigler, who had bought a ticket Friday for a flight Saturday to Miami, said he would just return home after learning of the cancellation rather than try to take advantage of deals other airlines were offering to stranded Spirit passengers. He said he had gotten no communication from Spirit, which he had flown multiple times in the past.

“They get you there,” he said of his Spirit travels. “It was cheap.”

Waking to the news

Former Spirit flight attendant Freddy Peterson was on a Spirit flight from Detroit that arrived in Newark, N.J., around 11 p.m. Friday. He said that despite rumors flying on social media Friday, things seemed kind of normal, with more than 200 passengers on the plane.

“All our aircraft were packed,” he said.

Peterson, 60, said he set his alarm clock for 3 a.m. Saturday to check the company website at the hour of the rumored shutdown and learned all Spirit flights were canceled. He said Delta Air Lines brought him and another flight attendant back to Atlanta on Saturday morning, with Peterson leaving from there to drive to his home in Shellman in southwest Georgia.

“I’ll probably do my boo-hoo crying and all that other stuff once I get in the car.”

Peterson said he had been a flight attendant with Spirit for 10 years and the company has “done wonders for me.” He said the airline’s reputation for bargain-basement chaos was largely undeserved, but he did fault management for not communicating with the employees in the closing days, saying a promised employee town hall was canceled.

Bailout fizzles

As late as Friday afternoon, Trump had said his administration was looking at a bailout for Spirit and had given the budget carrier a “final proposal” for a taxpayer-funded takeover.

Spirit proudly disrupted the penny-pinching portion of the airline industry with its no-frills, low-cost flights and provocative ads like its “Check Out the Oil on Our Beaches” campaign after the Deepwater Horizon disaster in 2010, referencing suntan oil but alluding to the massive spill of crude along the Gulf Coast.

But Spirit has struggled financially since the COVID-19 pandemic, weighed down by rising operating costs and growing debt. By the time it filed for Chapter 11 protection in November 2024, Spirit had lost more than $2.5 billion since the start of 2020.

The budget carrier sought bankruptcy protection again in August 2025, when it reported having $8.1 billion in debts and $8.6 billion in assets, according to court filings.

White House blames Biden

The White House had blamed the Biden administration for Spirit’s tenuous financial situation, noting that President Biden opposed a proposed merger between Spirit and JetBlue in 2023. On Saturday, Trump administration officials took to social media to amplify voices of conservative critics who faulted that decision.

On Saturday, Duffy concentrated blame on Biden as well as Duffy’s predecessor, Pete Buttigieg. “Many at the time said that this was a disaster. This merger should have been allowed,” he said.

Tad DeHaven, a policy analyst at the Cato Institute, a libertarian think tank, said the Trump administration also bears responsibility, arguing that the airline’s latest crisis reflected a chain reaction of policy missteps rather than a single decision. He pointed specifically to Trump’s decision to strike Iran as “bad foreign policy,” noting the conflict drove up jet fuel prices and therefore Spirit’s operating costs.

“They were already in trouble,” DeHaven said, describing the situation as “a compounding effect in terms of policy.”

Supporters of a rescue including labor unions representing Spirit’s pilots, flight attendants and ramp workers said a collapse would put thousands of Americans out of work and hurt consumers by reducing airline competition and increasing airfares. About 17,000 jobs could be impacted, according to Spirit lawyer Marshall Huebner.

Budget-conscious and leisure travelers are likely to feel Spirit’s absence the most, especially in places where the airline has a big footprint such as Las Vegas and the Florida cities of Fort Lauderdale and Orlando.

The carrier flew about 1.7 million domestic passengers in February, roughly half a million fewer than during the same month a year earlier, according to aviation analytics firm Cirium. Spirit also has sharply reduced its capacity; about half as many seats had been available this month as in May 2024.

Madhani, Yamat, Amy and Catalini write for the Associated Press and reported from West Palm Beach, Las Vegas, Atlanta and Morrisville, Pa., respectively. AP writer Josh Funk in Omaha contributed to this report.

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US gas reaches $4.30 per gallon; Trump says prices will drop after Iran war | US-Israel war on Iran News

Price of petrol in US jumps by nearly 30 cents in one week amid Strait of Hormuz blockade and Iran diplomatic deadlock.

The average price of one gallon (3.8 litres) of gasoline in the United States has reached $4.30, according to the American Automobile Association (AAA), up from less than $3 before the February 28 start of the US-Israel war on Iran.

Thursday’s prices come as US President Donald Trump insists that time is on his side in the standoff with Iran, even as he refuses Tehran’s offers of a preliminary deal to reopen the Strait of Hormuz.

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According to AAA, prices for gas or petrol went up by 27 cents over the past week amid the deepening impasse, with Iran blocking the strait and the US imposing a naval siege on Iranian ports.

“The national average is $1.12 higher than it was this time last year, as oil prices surge above $100/barrel with no indication of when the Strait of Hormuz will reopen,” AAA said in a brief report on Thursday.

“Gas prices are the highest they’ve been in four years, since late July 2022.”

California, home to nearly 40 million people, saw petrol prices hit more than $6 per gallon on Thursday.

The spike in energy prices has been fuelling inflation and economic uncertainty, adding to Trump’s political woes.

The US president’s approval rating is hitting record lows amid growing discontent with the conflict with Iran, recent public opinion polls show.

Since the start of the war, Trump and his allies have been trying to frame the hike in petrol prices as a temporary price worth paying to achieve the aims of the military campaign.

The US president reiterated that argument on Thursday when asked about the latest price increase.

“And you know what? And we’re not going to have a nuclear weapon in the hands of Iran,” the US president told reporters.

“The gas will go down. As soon as the war is over, it’ll drop like a rock.”

However, oil prices do not drop automatically after hostilities stop. Despite the ceasefire reached on April 8, the cost of gas in the US has continued to climb.

Iran denies seeking a nuclear weapon.

Although the US is one of the largest oil producers and is not heavily reliant on energy products from the Middle East, global prices affect what Americans pay at the pump.

On Thursday, Trump stressed that Iran is all but vanquished militarily and economically – a claim he has been repeating since the early days of the conflict.

“Iran is dying to make a deal,” he said, calling the naval blockade against the country “incredible”.

Tehran has projected defiance, refusing to hold direct talks with the US until the siege is lifted, even after Trump announced last week that he was dispatching his top envoys to Pakistan to negotiate with Iranian officials.

Earlier on Thursday, Iranian President Masoud Pezeshkian suggested that Iran is running out of patience with the current situation of no war and no peace amid the US siege.

“The world has witnessed Iran’s tolerance and conciliation. What is being done under the guise of a naval blockade is an extension of military operations against a nation paying the price for its resistance and independence,” Pezeshkian said in a social media post.

“Continuation of this oppressive approach is intolerable.”

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Gas prices, wildfire, insurance, climate – what each candidate said last night

Wildfire and insurance — issues amped by climate change — along with the price of gas, took center stage at the California governor’s debate on Tuesday night.

Here are some of the candidates’ defining statements, starting left of the stage:

Tony Thurmond

The Democratic State Superintendent of Public Instruction addressed the state’s wildfire insurance crisis, where private insurers have been dropping policies as climate changes fuels more frequent catastrophic fire. The state has allowed insurers to raise rates in return for writing more policies, but so far its backup FAIR Plan, meant to provide coverage when other companies will not, continues to grow.

Thurmond said he would withhold tax credits, subsidies and benefits from non-cooperative insurers, although moderators and other candidates raised questions about the legality of this strategy.

“The governor can certainly work with the Insurance Commissioner to say there should be no rate increase unless the insurance industry is actually writing policies. They have failed California in our greatest need. They’ve taken the money for premiums and then when people needed to have support to rebuild their homes, they said, ‘whoops, we’re not going to help you.’ Then they got a rate increase. I’m sorry, where I come from, when you do a bad job, you don’t get a raise.”

Chad Bianco

The Republican Riverside County Sheriff said insurers aren’t leaving California because of climate change, but because the state has failed to pass and enforce vegetation management and defensible space policies that would reduce wildfire risk.

“It wasn’t global warming, stop believing that. It was a failed environmental policy that doesn’t allow fire departments to prevent defensible space around our homes or clear out the brush for 30 years that are building in our mountains and in our hills that took out a city. [Insurers] specifically said we were going to lose a city, and our governor said ‘we don’t care.’ And so the insurance companies left.”

Inadequate brush clearance has contributed to other fires in the state, although it’s not a factor experts cite in the Los Angeles fires specifically.

Tom Steyer

The Democratic billionaire hedge fund founder who is positioning himself as the climate candidate in the race, touted his drive to make oil companies pay for damages from climate change, including rising insurance rates and homes lost to wildfires.

“In environmentalism, I have three real rules. Number one is polluter pays. It’s absolutely critical that if people are going to pollute and damage the environment and cause harm to their neighbors, they pay. Two, we have to include environmental justice in every single environmental rule. And third is we need to start to deploy all of the clean energy stuff that’s cheaper now and get us back to the front of the world in leading it.

“There is one person that the corporations are going after, including Big Oil, who is spending millions of dollars to stop me. The electric monopolies, PG&E, millions of dollars to stop me, because I’m the person on this stage who’s the change agent.”

Steve Hilton

The former Republican Fox News commentator said insurers should be allowed to raise rates consistent with actual wildfire risk. He also advocated for “modern forest management,” removing fuel from forests, as a way to protect against wildfires, reduce carbon emissions from fire, and revive the state’s timber industry.

“We can create jobs and opportunity in rural California and reduce carbon emissions in the process, because we won’t have the mega wildfires.”

Asked if he supports the transition to electrification, he promoted natural gas: “Yes, but let’s be sensible about electric. Right now, we have a fleet of gas fired power stations generating electricity that are running at 10 to 15% of their capacity, even though we have abundant natural gas in California that we could be using to generate affordable, reliable electricity that would lower the cost of electric bills for consumers and businesses.”

According to the U.S Energy Information Administration, California’s natural gas production provides less than one tenth of what the state consumes.

Xavier Becerra

The former Health and Human Services Secretary said he would call a state of emergency as governor to require wildfire insurers to freeze rates and come to the table.

“This affordability crisis is hitting every family, and we have to act as if this were a break glass moment … Rate payers have to understand what their risk is, so they understand why they are going to pay for what they’re going to pay for their home insurance. But an insurance company has to be open and transparent about how its pricing its policies so people can afford it.”

Moderator Julie Watts noted that California home insurance rates are below the national average and questioned the legality of a freeze.

Katie Porter

The former Democratic Orange County Congresswoman was asked whether California should keep its refineries. Two of them closed in the past year, reducing the state’s refining capacity by 20 percent and causing California to lean more heavily on imports.

She said the state should keep the remaining refineries open, but also rapidly scale up green energy to meet the state’s growing electricity demand: “Right now we need to keep all of our energy sources online. That’s just the reality that we’re in. … Right now those refineries, they’re up, they’re running, they’re creating good jobs. Let’s keep them there. But I want to be really clear … The people who work at those refineries, and the people who live in Kern County also face some of the worst pollution and lower life expectancies. Green energy gets us out of that.”

She also backed an idea to have state dollars cover insurance for insurers, known as reinsurance.

Matt Mahan

Democratic San Jose Mayor called to suspend the state’s 61 cent-per-gallon gas tax, used to fund road repairs, bridges, and public transport. The state is looking at a $216.4 billion revenue shortfall over the next decade due to increasing fuel economy and electric vehicles. The other Democratic candidates support keeping the tax; Mahan has instead proposed a flat fee on all vehicles.

He said: “I’m the only candidate on this stage who has pledged to suspend and then reform the gas tax. It is the most regressive tax in California. Working people, rural people, are spending three times as much maintaining our roads as wealthier EV owners.”

On the wildfire insurance crisis he said: “The government in Sacramento created so many restrictions, including taking over a year to approve any rate changes, prohibiting insurance companies from using climate data to project future costs, that they stopped writing new policies. The answer is bring them back, force them to compete, allow them to appropriately price risk, and then hold government accountable for maintaining our wildland, reducing all that vegetation and wildfire risk so that we don’t have these catastrophic fires.”

Antonio Villaraigosa

The former Democratic L.A. mayor expressed his concerns with the readiness of the state’s infrastructure to support a transition to electric vehicles.

“We need an all of the above strategy that understands we’ve got to transition from oil and gas to renewables. But here’s an example: the 2035 mandate [to ban gas-powered car sales]. We built 167,000 charging stations in the last 10 years. We need 2 million more to get to that mandate, and if we build them, we don’t have a grid. So we ought to build the grid instead of arguing about whether or not we need an all-of-the-above policy.”

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Oil prices rise despite UAE exit from OPEC as Iran war ceasefire hangs in balance

Oil markets face renewed instability following the United Arab Emirates’ formal exit from the Organisation of the Petroleum Exporting Countries (OPEC) and its wider alliance (OPEC+), announced on Tuesday and taking effect on Friday.


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The move, which ends decades of membership, comes as the global economy continues to reel from the ongoing war with Iran and the blockade of the Strait of Hormuz remains in place.

Investors are currently weighing the potential for higher future output from the UAE against the immediate and acute risks posed to global supply routes, as well as the increased chances that more countries drop out of OPEC and OPEC+.

Following the announcement, markets reacted swiftly as the potential for oversupply from the UAE was priced in. Oil prices fell by between 2% and 3%, particularly in futures contracts a couple of months ahead.

However, the move was just as quickly offset by the risk premium associated with the Middle East conflict and the current halt to US-Iran negotiations.

At the time of writing, US benchmark crude, WTI, is trading above $105 a barrel, while Brent crude, the international standard, is over $112. Both prices are around 4% higher on Wednesday from the UAE announcement low.

The UAE’s decision follows years of simmering tension between Abu Dhabi and Riyadh over production quotas. The UAE has invested over $150 billion (€128bn) in the state-owned Abu Dhabi National Oil Company (ADNOC) to expand its capacity to five million barrels per day.

However, under OPEC’s restrictive framework, much of this capacity remained underutilised, now prompting the government to prioritise its national interest.

The departure of the group’s third-largest producer is a significant blow to the cohesion of the 60-year-old organisation. Maurizio Carulli, global energy analyst at Quilter Cheviot, noted the limitations this exit places on the remaining members.

“Until tanker traffic through the Strait of Hormuz is safe again, OPEC’s ability to stabilise prices is sharply constrained, while US producers have gained outsized influence,” Carulli explained.

While the UAE has pledged to bring additional production to the market in a “gradual and measured” manner, the sudden lack of coordination within OPEC has introduced a new layer of uncertainty.

For the UAE, the blockade served as a final catalyst for its exit. With its primary export route under threat, Abu Dhabi has sought the diplomatic flexibility to forge independent security and trade partnerships outside the traditional cartel structure.

Despite the geopolitical turmoil, energy equities have remained resilient.

According to Carulli, “integrated majors such as BP, Shell, TotalEnergies, ENI, Chevron and ExxonMobil are benefitting from a price uplift that could add 5-10% to operating cash flow for every $10 increase in oil prices.”

Standoff over the Strait of Hormuz

In a separate but related development, the security situation in the Middle East remains precarious despite a fragile ceasefire. Iran has recently offered a ten-point proposal to reopen the Strait of Hormuz.

In exchange for restoring maritime traffic, Tehran is demanding a full withdrawal of the US naval blockade and an end to the current hostilities.

US President Donald Trump, who recently extended the two-week ceasefire mediated by Pakistan, described the latest Iranian offer as “much better” than previous iterations but still did not accept the terms.

Shortly after, Trump posted on social media claiming that Iran is in a dire and desperate condition with no leverage to negotiate.

Washington continues to insist on a permanent settlement regarding Iran’s nuclear programme and an “unconditional” reopening of the waterway before sanctions are lifted.

The impact of this blockade on global energy security cannot be overstated.

“The prolonged closure of the Strait of Hormuz has removed roughly 12% of global oil supply from the market, according to the IEA, a bigger disruption than the Yom Kippur war, the Iran‑Iraq conflict, the invasion of Kuwait or even the fallout from Ukraine,” Carulli highlighted.

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U.S. gas prices hit new high as U.S.-Iran diplomatic deadlock continues

Gasoline prices per gallon are displayed at a BP service station on Sunday in Washington, D.C. Average gas prices throughout the United States hit a new high Tuesday, AAA numbers said. Photo by Pat Benic/UPI | License Photo

April 28 (UPI) — Average gas prices in the United States hit $4.18 on Tuesday, their highest level since the Iran conflict started, as peace talks between the country and Iran stalled again over proposals on reopening the Strait of Hormuz.

The price jump of 1.6% over Monday’s price was the highest increase in more than a month, The New York Times reported. AAA numbers show that the average price for a gallon of regular gas marks an increase from $4.11 on Monday and $3.98 a month ago.

The price is the highest since April 2022, soon after the Russia-Ukraine conflict started, and about a 40% increase for drivers since the Iran conflict began. Diesel prices are at $5.46, up about 45% in that time.

Meanwhile, officials from the United States and Iran appear at an impasse over reopening the strait and an Iranian proposal to postpone discussion of that country’s nuclear program, something that President Donald Trump has said he will not agree to, USA Today reported. The conflict, as of midday Tuesday, is in a ceasefire, but both countries continue to limit shipping in the region and face off over the Strait of Hormuz.

Trump on Tuesday posted on Truth Social in an apparent response to German Chancellor Friedrich Merz’s comments Monday criticizing the conflict. Merz said in comments to students that he hopes the conflict ends soon and that United States is being “humiliated” by Iranian leaders, USA Today reported.

“He doesn’t know what he’s talking about!” Trump wrote. “If Iran had a Nuclear Weapon, the whole World would be held hostage. I am doing something with Iran, right now, that other Nations, or Presidents, should have done long ago.”

A missile identified as “Khorramshahr-4” was on display during a public rally in Tehran’s Enghelab Square on April 21, 2026. Photo by Behnam Tofighi/UPI | License Photo

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WATCH video Katie Price’s husband Lee Andrews uses to convince women he’s worth millions… & the clues that expose truth

AN eye-watering amount of cash is stuffed into suitcases, with Katie Price’s husband Lee Andrews’ name printed onto a label stuck on top of the thousands upon thousands of $100 bank notes.

But rather than a show of his apparent wealth, today The Sun can reveal Lee’s boastful videos share the hallmarks of high-level scams – with his ex-fiancee Alana Percival warning that his time evading the heavy hand of the law may be running out.

Katie Price and Lee Andrews said I do in a surprise wedding just days after the former glamour model announced her ninth engagement. Credit: BackGrid
Lee’s ex-fiance Alana Percival has warned that that his time evading the law is running out Credit: Click News and Media

Former glamour model Katie, 48, flew back to Dubai over the weekend to join Andrews, 41, in the country at a £36million mansion which he claims he bought in cash.

It will be the first time she has seen the businessman since he boasted he was buying a majority stake in Chelsea Football Club for £2billion.

The shameless brag, like most that come from his lips, is not true and the London football club have had no dealings with Andrews.

No doubt, like many women, Katie may have seen the suitcases stuffed to the brim with what appears to be millions of pounds in cash.

His alleged vast fortune is, he claims, from complex deals with foreign embassies and treasuries that he’s spent the past nine years developing.

Sharing the two videos with The Sun to prove his “wealth”, Lee alleges he ships the cash to Africa for institutional investment.

However, our analysis found that the clips are almost identical to the dubious proof-of-funds videos often used by fraudsters to convince people they have large sums of money.

In one video, Lee’s name is written on a sheet of A4 paper along with the date, while the man filming references a fictitious code that The Sun has discovered does not exist in the real world banking system.

The wads of $100 notes are bound by plain bands labelled “BEP” (Bureau of Engraving and Printing).

To the untrained eye, it would seem Lee is sitting on a fortune.

But those BEP labelled bands are most commonly found on film sets, binding together fake wads of cash seen in blockbuster movies.

Authentic BEP bands include the institution’s name, a routing number, and a branch ID.

Andrews’s bands include none of those.

The videos are known as “Black Money Scams” – and are often seen in fraud cases.

Metal briefcases, locked with padlocks, labelled “FRAGILE – HANDLE WITH CARE” — are designed to look like a secure, official shipment of cash.

Stacks of $100 bills are then laid out in an open case with a note to make it look personalised and real.

In fact, where these scams exist it’s all faked – the money is not real.

Andrews’ former fiancee Alana has warned the net may be closing in on him and claimed last week that a warrant was out for his arrest in Dubai.

And now those close to Katie tell The Sun they hope she can finally start to see what is happening.

“Alana is saying a warrant is out for Lee’s arrest in Dubai, he still appears to be taking money off women, but Katie still can’t see what he’s doing,” a friend tells The Sun.

“It’s exasperating. Those around her think Lee is bad news.

“The brags about his wealth, the videos of the fake cash, the claims he’s bought a £36million mansion in cash – it’s all laughable.

“Kate is usually shrewd but when it comes to matters of love, she thinks with her heart and not with her brain.

The video shows wads of cash in a suitcase and is designed to flaunt wealth Credit: The Sun
Katie reunited with Andrews in Dubai at the weekend Credit: wesleeandrews/Instagram

“It is painful for her friends and family watching her consort with this man.”

Alongside the videos supposedly proving his income stream, Andrews also provided three documents.

One of these is a payment guarantee letter for a $100m transaction, the first payment of a proposed $5bn.

It is signed by Mr Sikakaew, allegedly from the Thai bank Kasikorn, who holds a “Supreme SSID License”—a term not recognised in banking, as SSID is actually a name for a Wi-Fi network.

In the document, a scanned image of Lee’s passport appears to have been digitally manipulated and features glaring mistakes such as an upside-down photo and backward font.

A second document is a Memorandum of Understanding, which is a non-legally binding statement of intent to work with another party.

It mentions a “UN license for a mixed currencies redemption program”, something that also does not exist.

The letter, which outlines the transfer of $5bn to the Royal Thai Embassy in Kenya, is signed by American Joseph John Garrity, with no record of such a person being involved in high-level international finance.

The third document is a Capital Readiness Program prepared for Lee by Hachi Capital LLC — a business with no legitimate record.

A similarly named UK company called Hachi Capital Ltd was dissolved in 2013 and coincidentally featured Craig Boddington as director, the same name managing Lee’s account.

The program promises financial returns well beyond any realistic measure, claiming a 500 per cent return on investment per monthly cycle and as much as 100 per cent per 10-day cycle on “bullet trades”.

Further red flags include the business not being licensed or regulated by any major financial authority and has hallmarks of investment scams with six-figure set up fees designed to get clients to part with cash before realising any profits.

A number of women have spoken to The Sun after falling for such Andrews’ investment promises.

Crystal Janke claimed she lost £123k in investments Credit: Instagram
Andrews claims he ships vast amounts of money to Africa Credit: The Sun

One woman, Crystal Janke, invested £123,000 in his Aura Worldwide Holdings Ltd, after being promised a return of up to £1m.

The money has since disappeared, with Crystal filing a police complaint in the US.

Andrews denies the claims but Crystal to date is still insistent she’s not had a penny, after sharing with The Sun her bank statements which prove the transactions into Andrews’ account.

Earlier this year The Sun revealed that his company, Aura Worldwide Holdings Ltd, was actually dissolved in 2024.

But Andrews is still claiming it is open, despite paperwork proving otherwise, and is pushing his schemes upon women he meets on social media and women he knows through business.

Last month, another woman came forward to tell The Sun she had invested $1,000 but still had no return.

When she confronted Andrews, she claims he fobbed her off and made excuses about the whereabouts of her funds.

A friend of Katie’s told The Sun: “Why Katie cannot see what is going on under her nose is scary.

“None of this is legitimate and everyone is just praying for the moment the penny finally drops and she gets the hell out of this marriage.”

Andrews previously denied all the allegations brought against him by The Sun.

He later claimed his inflated LinkedIn CV was the result of errors by his former assistant and swiftly removed some of his false work history.

Among them was that he was a Member of the Board of Advisors for the Labour Party and Director of Philanthropy at The King’s Trust.

He said: “I think that’s been hyped up and made to look better than what it is and it needs to come down.

“I can’t take the showmanship of it, but I’ll take the accountability.

“The PA no longer works for me now anyway, for other reasons — probably because of that.”

More recently he claimed to have made secret “back and forth” visits to the UK where he met wife Katie’s eldest children Harvey, Junior and Princess.

He told us: “People don’t know I’ve met Harvey and two of the kids, I haven’t seen the young ones.

“I’ve been back and forth, I just don’t f***ing tell anyone. I lead a very private life. I tell people what they want to hear, the rest they can make up, you know.”

A representative for Katie later told The Sun this claim was a lie and that Andrews had never met her children.

Katie was warned over new husband by two of his exes who claim he is lying swindler who preys on women Credit: Instagram
Lee’s ex Crystal Janke invested into his company Aura Worldwide Holdings Ltd
Alana Percival was previously engaged to Lee Andrews

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Oil prices rise amid stalled US-Iran peace talks | Oil and Gas News

Brent crude rises more than 2 percent after Washington and Tehran fail to hold second round of talks in Pakistan.

Oil prices have climbed higher amid stalled peace talks between the United States and Iran.

Brent crude rose more than 2 percent on Sunday after hopes for a second round of ceasefire negotiations between Washington and Tehran unravelled over the weekend.

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After easing slightly, Brent, the primary benchmark for global prices, stood at $106.99 as of 1:30 GMT.

Stock markets in Asia shrugged off the impasse to open higher on Monday, with Japan’s benchmark Nikkei 225 and South Korea’s KOSPI gaining 0.9 percent and 1.5 percent, respectively, in morning trading.

US President Donald Trump on Saturday cancelled a planned trip to Pakistan by his envoys, Steve Witkoff and Jared Kushner, after Iranian Minister of Foreign Affairs Abbas Araghchi departed Islamabad before any direct engagement could take place between the sides.

Araghchi arrived in Russia’s Saint Petersburg on Monday for talks with Russian President Vladimir Putin and other officials as Tehran seeks a way out of the diplomatic impasse.

Araghchi’s trip, which follows a whistle-stop visit to Oman on Sunday, comes as uncertainty hangs over the fragile ceasefire between Washington and Tehran.

Trump announced an extension to their two-week truce last week, without specifying a deadline for reaching a deal to end the war.

As US and Iranian negotiators struggle to break the deadlock, Tehran’s threats against commercial shipping in the Strait of Hormuz have reduced traffic to a trickle, paralysing a large portion of the world’s supply of oil and natural gas.

On Saturday, 19 commercial vessels transited the strait, which normally carries about one-fifth of global oil and natural gas supplies, according to maritime intelligence platform Windward.

Before the US and Israel launched their war on Iran in late February, the waterway saw an average of 129 daily transits, according to the United Nations Trade and Development.

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New Spain airline ticket prices travel alert for 3 major UK tourist hotspots

Tourists travelling to some of the most popular holiday destinations in Spain have been handed an update on prices

Travel officials in Spain have warned that airline ticket prices are set to rocket this summer. The warning comes as the Iran conflict places severe strain on the supply of jet fuel to airlines across the globe.

The mounting pressures have already prompted some airlines to scale back their planned flight schedules, with knock-on effects already being felt on ticket prices. And bosses say there are further headaches ahead for holidaymakers at some of the most popular Brit tourist spots as the peak travel season approaches – with around 18 million Brits heading to Spain every year.

The latest alert was issued by travel agents in Spain. The Balearic Islands Travel Agencies Association (AVIBA) has warned those heading to popular destinations such as the 3 key tourist spots of Mallorca, Menorca and Ibiza to brace themselves for steeper ticket prices – even as it confirmed flights to the region are not expected to be reduced.

According to reports in the Spanish media, AVIBA president Pedro Fiol cautioned that ticket prices will inevitably rise sharply due to the financial pressures stemming from the conflict. He warned that the war is likely to produce a summer “with a context of greater tension and rising costs that will be gradually passed on to ticket prices”, Spanish website Ultima Hora reports.

Despite this, he maintained that the profitability of routes to the Balearic Islands makes it unlikely that flights to the area will be axed. He did, however, flag that this could become a possibility outside of peak season.

AVIBA note that airlines are currently maintaining “a certain restraint” in airfares. But the president warned that the scarcity and increased cost of fuel driven by the Iran conflict will undoubtedly result in higher airfare prices. The Airline Association (ALA) has issued a similar forecast.

Lufthansa yesterday confirmed the axing of some 20,000 flights through October as part of its operational shake-up. The carrier explained that these reductions relate to unprofitable bases, though none of these are located in Spain. The strategy is to refocus resources on the most lucrative routes.

Mr Fiol said: “We don’t foresee a summer with planes grounded due to a lack of fuel, but we do anticipate a more complex and price-driven environment.” Meanwhile, Spanish website INB3N reports that Mr Fiol also cautioned there was a danger that additional flights could be compelled to make stops so aircraft can refuel mid-journey.

This week, TUI revealed the Iran war set it back around 40 million euros (£34.8 million) last month after it was obliged to bring home thousands of holidaymakers and staff. Europe’s biggest travel operator slashed its profit forecast and suspended revenue guidance as a consequence, causing its shares to fall.

The firm is amongst travel companies to have been substantially disrupted by the conflict in the Middle East, which erupted at the end of February. It is also amongst airline operators to face strain from a spike in jet fuel prices after the conflict drove up the cost of oil.

And holidaymakers should have “no worries” about flights being cancelled this summer, despite airlines confronting a “triple whammy” as a consequence of the conflict in the Gulf, a former industry boss has maintained.

Tim Jeans, a former commercial director at Ryanair who was later managing director of Monarch Air, said that while there “may be some trimming of schedules” by airlines, he did not expect carriers to scrap routes entirely.

His remarks follow stark warnings from the trade body representing European airports, which cautioned that a “systemic” jet fuel shortage could emerge ahead of the peak summer season if the Strait of Hormuz fails to reopen in the coming weeks.

Airports Council International, which represents more than 600 airports, recently wrote to European commissioners for energy, transport and tourism, warning that if the vital strait does not reopen in a “significant and stable way within the next three weeks” then “systemic jet fuel shortage is set to become a reality for the EU”.

Director-general Olivier Jankovec said: “The fact that we are entering the peak summer season… is only adding to those concerns.” However, Mr Jeans insisted: “I don’t see a situation where flights will get cancelled because of the non-availability of fuel.”

He acknowledged that there was a “triple whammy for airlines at the moment”, pointing to “the issues in the Middle East which has caused a massive spike in the cost of fuel”.

Speaking on BBC Radio Scotland’s Breakfast programme, Mr Jeans added: “That in turn is pushing up ticket prices, and the uncertainty around whether it is going to be possible to travel, plus the increase in prices is reducing demand.

“And so you have a situation where airlines are looking at their bookings for the next three months ahead and saying ‘should we fly that flight, is it going to be profitable?'”

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All the foreign holidays Brits can take WITHOUT flying as fuel prices rise

IT’S fair to say that there is a sense of nervousness when it comes to a holiday abroad this year.

What with warnings of summer holiday cancellations and airlines cancelling thousands of flights – it’s no wonder Brits are booking more staycations than ever.

Forget flights – you can still explore Europe and the Caribbean thanks to cruises and trains Credit: Alamy

But there is still a way to have a foreign holiday without hopping on a flight, thanks to a number of cruises, ferries, trains and car tunnels going from the UK.

Brittany Ferries, who operate a number of sailings across the UK, said that maritime fuels are not being affected, and prices won’t be going up either.

Brittany Ferries boss Christophe Mathieu said: “If you have booked with us, or are considering doing so, we will get you to a beautiful and safe holiday destination this year. Period.

“We will play no part in profiteering or seeking to recover losses from a gamble gone wrong, as some appear to be doing.

HOLI-YAY

I’ve booked hundreds of holidays to the Spanish islands – here are the very best


HOL-D OFF

Brits warned summer holidays ARE at risk of being cancelled as jet fuel runs low

“The cost of our holidays rose by inflation earlier this year, and by inflation alone. There will be no further rises in the weeks or months ahead.”

So we’ve done the hard work for you and rounded up some of the best places to go from the UK where you can avoid the having to go to the airport entirely.

Seven nights around Spain and Portugal by cruise

You don’t have to hop on a plane to explore Spain and Lisbon.

Royal Caribbean have week-long sailings from Southampton which stop at Bilbao, Lisbon and Vigo, before returning to Southampton.

Prices start from £743pp.

Eurostar train to Lille and Paris

Why not have a two city break with Eurostar, stopping at both of their French cities.

The closest city to the UK by train is Lille, taking less than two hours to get to.

You could then hope on a train the next day to explore Paris, just one stop over.

Prices from £39pp.

You could do Lille and Paris in one weekend via train, thanks to Eurostar Credit: Alamy

Eurostar train to Amsterdam and Rotterdam

In a similar vein of Paris and Lille, Eurostar also have direct trains to Amsterdam and Rotterdam.

They take slightly longer – Rotterdam is around 3hr15 while Amsterdam is just over four hours – but can easily make for a long weekend break.

Prices from £39pp.

Eurotunnel to French seaside towns

The Eurotunnel in Folkestone opens up all of Europe as long as you’re happy to travel by car.

Entering via Calais, why not explore some of France‘s best seaside towns such as Boulogne-sur-Mer and picturesque Wimereux?

Prices from £59pp.

Eurostar runs to a number of cities by train such as Amsterdam as well Credit: Alamy
The Eurotunnel is perfect for exploring the French seaside towns by car Credit: Alamy

35 days around Caribbean by cruise

If you have the time, you could explore the Caribbean for a month without having to get on a flight.

P&O will take you to St Kitts, Barbados, Grenada, St Lucia, Antigua and Barbuda, while sailing from Southampton – it even includes all your food and tips.

Prices from £2,999pp.

Seven nights around Norwegian Fjords by cruise

Also sailing from Southampton, the Celebrity Cruises trip lets you go around some of the beautiful fjords.

Stops include Haugesund, Ålesund, Nordfjordeid and Zeebrugge.

Prices start from £1,156ppbook here.

You can go on month-long cruises to the Caribbean as well Credit: Alamy
One 35-day trip takes you everywhere from Barbados to Antigua Credit: Alamy

Eurostar train to Brussels

You can even get to the the city of Brussels in Belgium by train as well, thanks to direct Eurostar routes.

It makes for a great summer holiday destination – or you can book in your Christmas Market trip now.

Prices from £39pp.

17 nights around Italian Riviera

Sail from Southampton with Fred Olsen and you could explore the Riviera in Italy, with stops in Portofino and La Spezia.

It even includes a stop in Monterosso for the annual Lemon Festival.

From £4,199ppbook here.

Why not explore the Italian coastline by cruise too? Credit: Alamy

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