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Spirit Airlines prepares to cease operations amid financial struggles and high oil prices

Spirit Airlines prepares to cease operations amid financial struggles and high oil prices

Spirit Airlines is preparing to cease operations after the beleaguered company ran out of cash and a rescue attempt by the Trump administration appeared to stall. The company struggled to make a deal with its creditors and secure funding to maintain operations, according to a Wall Street Journal report citing people familiar with the matter.

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US Stocks Extend Record Gains, Oil Falls on Iran Talks Report

US Stocks Extend Record Gains, Oil Falls on Iran Talks Report

m{venvjm)4m8jmzq(ad)jsb6_media_dl_1.png Bloomberg Article content (Bloomberg) — The S&P 500 Index extended record-breaking gains Friday as tech mega-caps delivered a stream of solid earnings. Reports that Iran had responded to US amendments on an agreement to end the war also buoyed sentiment, sending oil prices lower.  THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to

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Oil prices soar on fears of long supply disruption, US siege of Iran ports

Oil prices soar on fears of long supply disruption, US siege of Iran ports

US President Trump meets with oil firms over ways to minimise impact on fuel supplies amid US blockade of Iranian ports. Oil prices soared more than 6 percent on worries about prolonged supply disruption in the Strait of Hormuz and fears of a lengthy US siege of Iranian ports, settling at their highest levels in

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Crude oil nears $120 per barrel amidst escalating Middle East tensions

Crude oil nears $120 per barrel amidst escalating Middle East tensions

Global crude oil prices are edging close to the $120 per barrel mark as renewed tensions in the Middle East disrupt supply expectations and rattle energy markets, raising fresh concerns for fuel prices. Benchmark crude, including Brent crude, has surged sharply in recent days amid fears of supply constraints linked to geopolitical instability in the

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California Refineries Max Out Jet Fuel While Gasoline Starves 

California Refineries Max Out Jet Fuel While Gasoline Starves 

By Natalia Katona – Apr 29, 2026, 6:00 PM CDT California’s shrinking refining base is cutting local gasoline output to a decade low, pushing the state into structurally higher import dependence. Price incentives are diverting refinery throughput toward diesel and jet fuel, tightening gasoline supply even as pump prices surge. The import lifeline is under

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