☕ Staycation

Morning Brew··10 min read
BusinessFinancePolitics
Share𝕏in

AI Summary

Rising oil prices from the Iran conflict are causing jet fuel shortages and forcing airlines to cut flights while raising airfares by 24% globally. Americans are canceling international summer travel plans as gas hits $4/gallon and budget airlines face the biggest margin pressure. President Trump fired Attorney General Pam Bondi and replaced her with Deputy AG Todd Blanche amid frustrations over handling of political prosecutions.

Key Facts

Iran war has caused jet fuel shortages forcing Delta, United, and other airlines to cut flights and raise airfares by 24% globally
Gas prices hit $4/gallon for first time in two years while Carnival cruise line faces profit hit as only US operator without fuel hedging
Trump fired Attorney General Pam Bondi over frustrations with Epstein file handling and appointed Todd Blanche as replacement

Author Takes

BearishMorning Brew

Summer travel costs

Americans are sitting in limbo for summer travel plans as potential jet fuel shortages put pressure on airlines to cut flights and raise airfares

More from Morning Brew

📰TodayFeed📡Signals💰Capital