Oil tankers may be stuck behind strait of Hormuz, but holding the Iata AGM in Brazil defies warnings of impending shortages

Nothing says jet fuel crisis, as one prospective attender put it, like flying everyone to Rio de Janeiro. Aviation leaders will converge in Brazil this weekend for the Iata AGM, the annual global airline summit, with the industry still, for the most part, looking resolutely skyward.

The oil tankers may still be stuck behind the strait of Hormuz as the conflict between the US, Israel and Iran flickers on, but for now, airlines continue to defy dire warnings of impending shortages which had stoked fears of a summer of chaos for European holidaymakers.

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© Photograph: Nature Picture Library/Alamy

© Photograph: Nature Picture Library/Alamy

© Photograph: Nature Picture Library/Alamy

Beneath the diplomatic protocol of Lula’s recent visit to Washington lay a strategic contest over rare-earth resources, the ongoing U.S.-China rivalry, and Brazil’s efforts to leverage geopolitical competition for national advantage ahead of the upcoming presidential election. The arrangements for Lula’s visit to Washington came together with remarkable speed after Trump extended the invitation—though, truth […]