Global airlines reduce flight capacity by 3% in May due to jet fuel shortages caused by Middle East conflicts and the Strait of Hormuz blockade.
The US extends its suspension of sanctions on Russian oil sales until May 16, balancing geopolitical pressure with global energy market stability amid rising Russian revenues.
Donald Trump declined NATO's offer to assist in the Strait of Hormuz security mission, calling the alliance ineffective, while European leaders plan a multinational peacekeeping operation.
Germany authorized multimillion-euro arms exports to Israel amid war, balancing solidarity, political tensions, and complex export regulations affecting corporate strategy.
The Trump administration wants GM, Ford and other manufacturers to help produce weapons, echoing WWII-era industrial mobilization.