Overview
- The UK set out plans to shield power bills by offering fixed‑price contracts to older low‑carbon generators and by raising a levy on electricity producers.
- The EU energy commissioner warned the coming summer will be hard and said Europe may reallocate jet fuel among countries if shortages hit airports.
- The International Energy Agency said Europe could have only about six weeks of jet fuel left as flows tied to the Strait of Hormuz remain disrupted by the war in Iran.
- Airlines are raising baggage fees and seeking temporary tax relief to blunt fuel costs, with Air Canada pausing select U.S. routes for at least five months as economics no longer add up.
- In Ireland, fuel‑price protests by farmers and truckers grew into nationwide roadblocks that emptied hundreds of stations and pushed the government into tax cuts and subsidies.