Normal flows of fossil fuels from the Gulf have effectively been at a standstill since the war broke out and the Strait of Hormuz was blockaded, leading to shortages and flight cancellations
“Aside from the Middle East, the global private jet industry has not been affected by rising fuel costs,” Nick Koscinski, analyst at WINGX Advance aviation data firm, told the Mirror. “In fact, global private jet flights are up 4.7% year-to-date through 19 April.”
In US cities that have been hit by Transportation Security Administration staff shortages amid a pay freeze, there have been much higher usage rises, with a 17% yearly increase in Washington, DC, and Houston.
Normal flows of fossil fuels from the Gulf have effectively been at a standstill since the war broke out and the Strait of Hormuz was blockaded. A fifth of the world’s oil and gas typically flows through the Strait.
Last week, global jet fuel shipments fell to the lowest recorded level. Just under 2.3m tonnes of jet fuel and kerosene were transported on ships in the seven days to 26 April, according to data company Kpler. The figure represents less than half the average weekly volume shipped before the war. Earlier this month, the International Energy Agency warned that Europe could run out of jet fuel in weeks.
WINGX Advance analysis notes that Jet A1 prices have approximately doubled since January, and they represent about 30% of variable operating costs for private jet operators.
“So this cost is significant. Our impression is that the cost increase has largely been passed through to end-users. As flight activity for private jets is up this year vs last year, clearly demand seems to be inelastic at least for now,” analyst Richard Koe added.
Flying in a private jet is one of the most fuel-intensive, emissions-spewing activities a human can engage in.
Overall, private aviation emissions increased by 46% between 2019 and 2023, with industry expectations of continued strong growth, according to a Nature journal Communications Earth & Environment study.
It also found that most of these small planes spew more heat-trapping carbon dioxide in about two hours of flying than the average person does in about a year.
In 2023, roughly a quarter million of the super wealthy, who were worth a total of $31 trillion, emitted 17.2 million tons (15.6 million metric tons) of carbon dioxide flying in private jets. That’s about the same amount as the overall yearly emissions of the 67 million people who live in Tanzania.
Stefan Gössling, a transportation researcher at the business school of Sweden’s Linnaeus University, said the issue wasn’t so much the emissions, which remain a small part of those produced globally, but the lack of fairness.
“The damage is done by those with a lot of money and the cost is borne by those with very little money,” Gössling said. A separate report by Oxfam claimed that billionaires emit more carbon pollution in 90 minutes than the average person does in a lifetime.
All this comes as Trump has been telling media outlets that he believes the war could soon end. We’ll talk more about that later in this story.
“China is very happy that I am permanently opening the Strait of Hormuz,” the American leader proclaimed on Truth Social, even as the flow of oil from the Middle East has been drastically reduced by the war. “I am doing it for them, also – And the World. This situation will never happen again. They have agreed not to send weapons to Iran.”
“President Xi will give me a big, fat, hug when I get there in a few weeks,” he added. “We are working together smartly, and very well! Doesn’t that beat fighting??? BUT REMEMBER, we are very good at fighting, if we have to – far better than anyone else!!!”
In a pre-taped interview that aired Wednesday morning, Trump told Fox News that the war hasn’t soured his relationship with Xi, who has expressed frustration with American actions in the Middle East.
“I don’t think it does,” Trump told Fox News host Maria Bartiromo. “He’s somebody that needs oil. We don’t. He’s somebody I get along with very well. He just wrote me a beautiful letter…He responded to a letter that I wrote because I had heard that China is giving weapons to – I mean, you’re seeing it all over the place – to Iran…I wrote him a letter asking him not to do that, and he wrote me a letter saying that essentially he’s not doing that.”
Trump:
I wrote a letter to Xi. I asked him not to give Iran weapons. He wrote me a letter, and he is saying that he is essentially not doing that. pic.twitter.com/yrTT9Dwi2V
Before his Truth Social Post and the Fox interview aired, Financial Times reported that Iran “secretly acquired a Chinese spy satellite that gave the Islamic republic a powerful new capability to target US military bases across the Middle East during the recent war.”
“Leaked Iranian military documents show the satellite, known as TEE-01B, was acquired by the Islamic Revolutionary Guard Corps’ Aerospace Force in late 2024 after it was launched into space from China,” according to the outlet. “Time-stamped coordinate lists, satellite imagery and orbital analysis show that Iranian military commanders later tasked the satellite to monitor key US military sites. The images were taken in March before and after drone and missile strikes on those locations.”
Meanwhile, China continues to push back against accusations that it is helping Iran and repeated previous assertions that it will respond should Trump go through with his threat to impose a 50% tariff.
“Media reports accusing China of providing military support to Iran are purely fabricated,” Chinese Foreign Ministry spokesman Lin Jian stated on X. “If the U.S. goes ahead with tariff hikes on China on the basis of these accusations, China will respond with countermeasures.”
Lin did not offer details about those countermeasures.
Media reports accusing China of providing military support to Iran are purely fabricated.
If the U.S. goes ahead with tariff hikes on China on the basis of these accusations, China will respond with countermeasures. pic.twitter.com/QwETjpJEyY
Regardless, Iran’s use of commercial space imagery to strike U.S. and allied targets “will force the Pentagon to adjust, the head of U.S. Space Command said,” according to Defense One.
“We have to recognize that the rest of the world can now see the entire planet transparently and almost 24/7 and so we have to be able to operate in that environment successfully,” Gen. Stephen Whiting, the head of U.S. Space Command told reporters Tuesday during the Space Symposium conference.
UPDATES
UPDATE: 2:24 PM EDT –
White House Press Secretary Karoline Leavitt denied the U.S. requested an extention to the ceasefire.
‘I saw some reporting that we had formally requested an extension of this ceasefire. That is not true. We remain engaged in these negotiations.’
She also thanked Pakistan for its help in the negotiations.
PRESS SEC on U.S.-Iran negotiations: The Pakistanis have been incredible mediators and we really appreciate their friendship and efforts to bring this deal to a close.
The President feels it’s important to continue to streamline this communication through the Pakistanis. pic.twitter.com/3iIeF0oUpn
Trump, as we noted earlier, is saying that he believes the war could soon be concluded.
“I think it’s close to over,” Trump posited. “I mean, I view it as very close to over. You know what? If I pulled up stakes right now, it would take them 20 years to rebuild that country. And we’re not finished. We’ll see what happens. I think they want to make a deal very badly.”
When asked by Sky whether a deal could happen before King Charles visits the U.S. at the end of the month, Trump said: “It’s possible. Very possible. They’re beaten up pretty bad.”
U.S. and Iranian negotiators made progress in talks on Tuesday, moving closer to a framework agreement to end the war, two U.S. officials said, Axios reported on Wednesday.
“U.S. officials and sources familiar with the mediation cautioned that a deal is not guaranteed, given the substantial differences between the two sides,” the news outlet noted.
“Let’s wait and see if we can get a deal. We are hopeful and accordingly trying to push with both sides,” a Pakistani official told Axios.
“U.S. officials and sources familiar with the mediation cautioned that a deal is not guaranteed, given the substantial differences between the two sides.”
“We want to make a deal. And parts of their government want to make a deal. Now the trick is to get the whole of government…
In another step toward potential future negotiations, Pakistan’s Army Chief of Staff Asim Munir arrived in Tehran today for talks.
Iran’s Foreign Minister Spokesman, Esmail Baghaei, said that during the visit, “the views of both sides are likely to be discussed in detail.”
Iran’s Foreign Minister Spokesman, Esmail Baghaei, confirms that a high-ranking Pakistani delegation will visit Tehran today to follow up on talks with the U.S. in Islamabad. “During this visit, the views of both sides are likely to be discussed in detail,” Baghaei said. pic.twitter.com/bdMnyCKUA5
— Ariel Oseran أريئل أوسيران (@ariel_oseran) April 15, 2026
Baghaei, however, said Iran would not capitulate.
“If a negotiation is based on one side imposing conditions on the other, that is not negotiation; it is dictation and imposition, and you know that the Islamic Republic of Iran and the Iranian nation will never accept such imposition,” he stated.
Iranian Foreign Ministry spokesperson:
If a negotiation is based on one side imposing conditions on the other, that is not negotiation; it is dictation and imposition, and you know that the Islamic Republic of Iran and the Iranian nation will never accept such imposition. pic.twitter.com/lnKeJT9Pow
In an X post, CENTCOM on Wednesday said that during “the first 48 hours of the U.S. blockade on ships entering and exiting Iranian ports, no vessels have made it past U.S. forces. Additionally, 9 vessels have complied with direction from U.S. forces to turn around and return toward an Iranian port or coastal area.”
During the first 48 hours of the U.S. blockade on ships entering and exiting Iranian ports, no vessels have made it past U.S. forces. Additionally, 9 vessels have complied with direction from U.S. forces to turn around and return toward an Iranian port or coastal area. pic.twitter.com/h4msgvaPTl
Late Tuesday night, Adm. Brad Cooper, commander of CENTCOM, took to X to announce that the “blockade of Iranian ports has been fully implemented as U.S. forces maintain maritime superiority in the Middle East.”
“An estimated 90% of Iran’s economy is fueled by international trade by sea,” Cooper noted. “In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea.”
Senior IRGC commander Maj. Gen. Ali Abdollahi claimed the Islamic Republic would consider it a prelude to the breach of the ceasefire if “the aggressive and terrorist America” continues the blockade.
Abdollahi “threatened that the powerful Iranian armed forces would not allow any export and import to keep going in the Persian Gulf, the Sea of Oman, and the Red Sea region, in the face of the US maritime aggression,” the official Iranian IRNA news agency stated on Wednesday.
Meanwhile, the Malta-flagged VLCC Agios Fanourios I became the first crude carrier to head west through the Strait of Hormuz since the US blockade on Iran’s ports came into force, according to MarineTraffic.
First crude carrier heads west through Strait of Hormuz since the US blockade
The Malta-flagged VLCC Agios Fanourios I has become the first crude carrier to head west through the Strait of Hormuz since the US blockade on Iran’s ports came into force. According to #MarineTraffic… pic.twitter.com/K8syfSZtFL
Though another round of peace talks between the U.S. and Iran is being discussed, the Pentagon continues to pour resources into the Middle East, something we have been reporting about for weeks.
“The forces moving into the region include about 6,000 troops aboard the aircraft carrier USS George H.W. Bush and several warships escorting it, said current and former officials,” according to The Washington Post, citing anonymous officials. “About 4,200 others with the Boxer Amphibious Ready Group and its embarked Marine Corps task force, the 11th Marine Expeditionary Unit, are expected to arrive near the end of the month.”
The Nimitz class aircraft carrier USS George H.W. Bush. (U.S. Navy photo by Mass Communication Specialist 2nd Class Mitchell Mason) Petty Officer 2nd Class Mitchell MasonA stock picture of the Wasp class amphibious assault ship USS Boxer. USN
During the pause in fighting, Iran appears to be using the time to reopen entrances to underground missile cities damaged during the war, according to CNN. The network published footage showing engineering equipment at the Tabriz South missile base and the Khomein missile bases.
The network also noted that, according to U.S. intelligence estimates, about half of the Iranian missile launchers remained intact after a month of fighting, and that many of these launchers could have been buried in underground storage facilities as a result of strikes on the entrances.
CNN published footage showing engineering equipment making use of the ceasefire to reopen the entrances to underground facilities at missile bases that were damaged during the war.
The sites documented include the Tabriz South missile base and the Khomein missile base.
A day after negotiations took place in Washington between the U.S., Israel and Lebanon, Hezbollah issued a veiled threat to Beirut. Considered a terrorist organization by the U.S. and Israel, Hezbollah was not a party to the talks.
“The Lebanese authorities must reconsider their actions and return to the embrace of the people,” said Hezbollah MP Hassan Fadlallah in a statement. “The authorities withdrew the army from the south, leaving it vulnerable to occupation and giving the enemy [Israel] free rein.”
Meanwhile, Israel is continuing to bombard Hezbollah.
“In the past 24 hours, the IDF struck over 200 Hezbollah terror infrastructure sites in southern Lebanon,” it claimed. “Among the targets struck: terrorists, military structures, approximately 20 launchers, including those recently used to fire towards the State of Israel.”
ביממה האחרונה הותקפו יותר מ-200 מטרות של ארגון הטרור חיזבאללה בדרום לבנון. בין התשתיות שהותקפו: מחבלים, מבנים צבאיים וכ-20 משגרים, בהם משגרים ששיגרו לעבר שטח הארץ והושמדו בסגירות מעגל מהירות. pic.twitter.com/LeR2mr37Vv
A fuel tank truck enters a tunnel in the city of Goyang, northwest of Seoul, in this file photo taken March 5, 2026. Photo by Yonhap
South Korea has secured an additional 60 million barrels of alternative oil supplies for May that will replace supplies from the Middle East that have been blocked due to the effective closure of the Strait of Hormuz, the government said Tuesday.
The country has secured a total of 110 million barrels of oil — 50 million for April and 60 million for May — so far from 17 countries, including Saudi Arabia, the United States, the United Arab Emirates, Brazil and Canada, Yang Ghi-wuk, deputy minister for trade, industry and resource security, said in a regular press briefing.
The amount secured for this month and May each represents about 60 percent and 70 percent, respectively, of monthly oil supplies to South Korea when things run as usual, he added.
Regarding the oil swap system introduced last week, Yang said the country’s major four refiners have submitted plans to borrow more than 30 million barrels under the program, with around 8 million barrels to be delivered this week.
Under the oil swap system, South Korean refiners can borrow crude oil from the national reserve and return the same volume once shipments of their crude supplies secured abroad arrive.
“Refiners have expressed interest in the oil swap system and are willing to utilize it,” he said.
Touching on naphtha, a crucial raw material in petrochemical manufacturing, Yang said he expects imports for the raw material to reach 770,000 tons this month, which will be equivalent to some 70 percent of the amount imported during the same month last year.
Also, the aggregate naphtha supply is projected to reach around 80 to 90 percent of the amount needed for the month on a normal basis when adding around 1.1 million tons of the material produced within the country, Yang added.
“We plan to work with companies to make efforts in securing naphtha supplies once the supplementary budget passes and the extra budget is allocated,” he said.
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