Axios

Delta is stripping snacks and drinks from some short flights, while expanding full service on others — the latest sign airlines are reworking what's included in a ticket.

Why it matters: Jet fuel — one of airlines' biggest expenses — has surged amid the Iran conflict, pushing up costs and forcing carriers to cut routes, raise fares and rethink service.

The downfall of Spirit Airlines is casting a spotlight on the future of its budget carrier rival, Frontier Airlines, which is facing many of the same challenges.

Why it matters: The jet fuel price spike was the last straw for Spirit — which ceased operations early Saturday — and it's posing a serious challenge to Frontier, as well.

A former Tesla executive leading Ford's secretive West Coast effort to design an affordable electric vehicle has a bigger, unspoken mission: help Ford reinvent the way it designs and builds cars around the world.

Why it matters: If vice president Alan Clarke's team gets it right in southern California, they will create a system Ford can replicate across the globe to stay competitive in a rapidly shifting market.

The Defense Department estimates Iran has been denied nearly $5 billion in oil revenue because of the U.S. blockade in the Gulf of Oman, causing unprecedented pressure on Tehran's government.

Why it matters: The blockade is President Trump's most significant leverage tool to negotiate ending the war with Iran, and the Pentagon wants to emphasize its impact as peace talks stop and start.

Arcadia, which helps businesses procure and manage energy, is acquiring Engie Impact — the arm of French multinational power giant Engie that offers a suite of complementary services.

Why it matters: The deal lands as energy demand and costs are rising around the world.

The energy crisis in the U.S. is starting to eat into American wallets, and though it's hardly an apocalyptic scenario, it sure feels awful.

Why it matters: Unlike in Asia and Europe, the U.S. is relatively insulated from the threat of actual gasoline or oil shortages, and price increases are so far manageable.

The Iran war threatens to disrupt summer travel as it sends oil prices surging — and flight and hotel bookings are already dipping, industry experts warn.

The big picture: Rising oil prices and dwindling supplies are hitting travel as drivers face higher gas prices and airlines in the U.S. and elsewhere cut flights and raise ticket costs and baggage fees.

You thought Americans were bummed out? The British are among the most pessimistic in the world, according to a ranking of surveys across 139 countries from Gallup out Friday.

Why it matters: The low number speaks to the "depth of the economic malaise in the U.K.," writes Benedict Vigers, Gallup's senior global news writer.

Camp Mystic won't reopen for summer 2026 after withdrawing its license renewal application following the 2025 flood that killed 27 girls.

Why it matters: The announcement Thursday comes as families are still seeking answers on what went wrong and whether camp leaders were sufficiently prepared for the rapid flooding that overtook campers.

People in Republican congressional districts tend to drive further — and that could worsen the party's midterm woes as fuel costs soar.

Why it matters: Pump prices are poised to play an outsized role in November, especially if the stalemate over the Strait of Hormuz persists.