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Ryanair CEO Michael O'Leary told reporters that fares could rise substantially in the December and March quarters if oil prices remain elevated, even as second-quarter pricing is expected to dip slightly. His comments came as Brent crude held above $100 a barrel and jet fuel costs climbed roughly 90% year-over-year.
Jim Cramer said on 'Mad Money' that despite rising oil prices hitting retail, staples and discretionary stocks like Comcast, Procter & Gamble and Stanley Black & Decker, he remains optimistic about the broader market. All three major indexes fell for a third straight session, but Cramer pointed to strong AI-related semiconductor stocks, resilient bank shares, and the potential for oil prices to ease as reasons for his continued confidence.
The U.S. carried out another round of military strikes targeting tankers carrying Iranian oil, escalating pressure on Tehran's crude exports. Separately, the Trump administration asked the Supreme Court to approve use of a voter verification system, and Meta launched a new consumer-facing AI agent.
Chevron announced it will expand operations in Venezuela after receiving additional acreage in the Orinoco Belt, pledging over $7 billion in investment over five years to nearly double output to about 600,000 barrels daily. The move follows a recent Trump administration deal involving Venezuela's oil reserves and a Pentagon profit stake, with Chevron officials and Energy Secretary Chris Wright reportedly visiting the country to unveil the plan.
An explosion at a THC extraction facility in Sand Springs, Oklahoma killed two people and damaged more than 25 nearby buildings, with shockwaves felt 30 to 40 miles away. Facility owner Ryan Bassham was arrested on murder charges after reportedly ignoring a fire marshal's order to stop extraction operations before the blast. Investigators suspect the explosion stemmed from butane hash oil extraction, a common but volatile method of producing cannabis concentrates.
A 20-day randomized, placebo-controlled trial of 40 people with pre- and stage 1 hypertension found that those taking 100 μL of peppermint oil daily saw systolic blood pressure drop from 130.05 to 121.97 mmHg, compared to no meaningful change in the placebo group. The adjusted difference between groups was 8.48 mmHg, with high compliance and only one adverse event reported.
Scientists at Osaka Metropolitan University produced aviation biofuel from coconut oil using a low-energy 'co-solvent' method that mixes acetone, alcohol and coconut oil instead of relying on high heat and pressure. When burned in a small jet engine, blends of this biofuel with standard jet fuel matched pure kerosene's thermal efficiency while cutting unburned hydrocarbon emissions, though they consumed slightly more fuel and produced marginally more carbon monoxide. Carbon dioxide levels in the exhaust remained roughly the same as with pure kerosene across all blend ratios tested.