Global oil supplies are suddenly flowing. Why a crude glut won’t mean cheaper diesel.
It’s official: the world is expected to soon have more oil than it needs for the first time since the Iran war began in February. But more oil doesn’t automatically lead to lower diesel prices.
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Why it mattersNearly 8,000 flights are delayed so far.
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Why it mattersUS authorities halted flights nationwide due to communication issues affecting air traffic control. Will Guisbond reports.
US authorities halted flights nationwide due to communication issues affecting air traffic control. Will Guisbond reports. (Source: Bloomberg)
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Why it mattersAll flights in the US have been grounded. The Federal Aviation Administration cited “extraordinary circumstances” and “reasons of safety” for the ground stop, which affects all US airports.
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