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Argentine fans book flights to the US for World Cup Final against Spain
Argentina fans bought flights to the United States within hours of the national carrier putting on special services for the Sunday World Cup final in New Jersey against Spain. This shows that Argentina is willing to pay almost any price to support the defending champions. Aerolineas Argentinas, a state-run airline, said that two special Buenos Aires to New York flights released on Wednesday evening had sold out by the morning of Thursday. The flight was priced at $5,000 for economy class and $10,000 for business class, which is far higher than the usual fares. Spain won a 2-0 victory over France in the semifinals on Tuesday, and Argentina defeated England 2-1 on Wednesday at the?Atlanta stadium to advance to the final on July 19. The title match will take place at the New York New Jersey Stadium in East Rutherford. Aerolineas website shows that there are no seats left on its New York flights until?July 21. The airline's flights from Miami to South Florida were also fully booked, according to the spokesperson. Other airlines were still marketing seats on Thursday, but mainly via connections and not non-stop special fan charters. American Airlines advertised Buenos Aires to New York fares on its website for July travel, while Copa 'and LATAM also listed Buenos Aires to New York or Buenos Aires to Miami?options. The travel company 'Despegar' said that searches for flights to New York increased by 6,000% within hours of the final whistle. This is a sign of the incredible demand created by Argentina’s bid to retain its title. The chance to watch 'Lionel Messi and his team face Spain at the World Cup has outweighed the cost to get there for Argentines. Reporting by Eliana Razewski in Buenos Aires, Kylie Madry and Christian Radnedge for Christian Radnedge.
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BHP Electrical workers support strikes at key Australian Iron Ore Export Hub
The Electrical Trades Union said that electrical workers at BHP’s Port Hedland Bulk Port Terminal voted overwhelmingly in favor of a work stoppage following four months targeted work bans. The Australian union reported that 97.5% percent of high-voltage workers supported work stops in a poll asking if they would support an unlimited number of stoppages lasting from 30 minutes to 24 hours. The union stated that the 'high-voltage electric workers maintain an electrical network which keeps BHP mine sites, worker accommodations, and Newman nearby, running. The union announced in May that workers would vote to stop work after six months of unsuccessful talks with the?management. Adam Woodage, Secretary of the Electrical Trades Union WA, said: "Like Port Hedland workers, they want fair and transparent classifica-tions, equal pay for equally hard work, and conditions that can't be changed by a manager at their whim." BHP has not responded to the request for comment immediately. After failing to agree on the terms of a four-year labour agreement, hundreds of BHP iron ore workers at Port Hedland held an eight-hour strike on Thursday. Port Hedland, a major artery for BHP, is where it routes $80 million worth of iron ore every day. This action was the biggest at BHP in at least three decades as unions try to gain a foothold in Australia's Iron Ore Regions.
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NTSB finds evidence that bird strikes occurred before fatal New York helicopter crash
The National Transportation Safety Board announced Thursday that it had 'found evidence of bird strikes before a tourist heli smashed upside down in the Hudson River, 'New York City,?April 2025 killing all six passengers. Agustin Escobar was the CEO of Rail Infrastructure for Siemens Mobility, a train transportation division of Germany's Siemens, and he died in this accident. The NTSB confirmed that evidence had been found of a bird'strike' on the Bell 206L-4 helicopter. At least two dozen helicopter operators are listed on the tour website Viator. They offer tourists a bird’s eye view of Manhattan. Many operators offer shuttle helicopter services to area airports. This was the eighth tourist flight of the day. It flew from the Statue of Liberty over to the George Washington Bridge and then turned south to fly over the Hudson River. Witnesses reported hearing loud "bangs and pops" before the helicopter broke apart and fell into the Hudson River. A witness also reported that, just minutes before, she had seen a large flock take off near the Newport lighthouse, Jersey City, New Jersey. The NTSB report stated that "when the helicopter banged, I immediately believed it was a Bird Strike." Five passengers on a helicopter in New York died when it crashed into the East River. The pilot, however, survived. The helicopter was on charter flight with an open door that allowed passengers to take photos of the skyline. After 67 people were killed in a crash between an American Airlines regional plane and an Army helicopter near Reagan National Airport, Washington D.C. in January 2025, regulators focused on helicopter safety. The FAA has restricted helicopter traffic in the vicinity of that airport permanently and also imposed restrictions on helicopters around the country. David Shepardson, David Gaffen and David Shepardson contributed to this report.
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Ontario asks for federal assistance to evacuate remote Canadian towns as wildfires ravage them
Canada is experiencing more wildfires now than in mid-July of the previous two years, and the area that has been burned has increased compared to the year 2025. The majority of fires are located in remote parts of central provinces such as Manitoba, Saskatchewan, and Ontario. In recent years, wildfires have affected remote indigenous communities disproportionately. Indigenous Services Canada reported that 1,600 people had been evacuated due to fires in First Nations communities as of July 15, 2015. CBC News reported that the Namaygoosisagagun First Nation in northwestern Ontario, also known by its former name Collins First Nation was evacuated Monday following a rapid-moving fire which swept through an area near 'Armstrong', located more than 500 km (310 miles), north of Toronto. Video showed community members going door-to-door to warn residents. Then, as the flames approached their homes, more than 20 people and their pets escaped on boats. Helen Paavola, chief of the community in question, told CBC that it was all destroyed within an hour. According to Ontario's Aviation Fire and Emergency Services, the wildfire that affected the Armstrong area, which included Namaygoosisagagun?and Whitesand First Nation nearby, had reached more than 350,000 ha by Thursday. Jill Dunlop said, "In response?to the significant threat of wildland fire activities in northern Ontario, Ontario has issued a Request for Assistance. The province is prepared to expedite deployment of federal resources that will support evacuations." She added that the Canadian Armed Forces were among those who would be able to help. Prime Minister Mark Carney stated that the federal government will continue to work closely with its provincial and municipal counterparts, and provide any additional assistance needed. According to the government, there were 859 fires burning across the country as of Thursday. 113 were deemed out-of-control. 2.384 hectares (5.89 acre) of land have been burned so far. Carney stated on Wednesday that "the wildfire situation in Canada has deteriorated dramatically over the past three weeks, particularly in Northwestern Ontario." "Thousands of people were forced to leave their communities because they didn't know if their houses would survive." Canadian National Railway?said that employees and residents in the town of Armstrong had been evacuated Monday night following a viral video posted on social media showing a CN Train surrounded by a?fire? in the surrounding area. CN announced that it had temporarily suspended rail operations in the vicinity of Armstrong due to a?wildfire'. Fury Gold Mines, based in Vancouver, announced on Wednesday it had suspended exploration and drill at its Eau Claire Project in northern Quebec following the evacuation of all personnel because of a nearby forest fire. Green Technology Metals is an Australian-listed company that focuses on lithium exploration. It has a mine near Armstrong. Green Technology Metals did not reply to an email asking if it evacuated staff. The majority of gold mines in northern Ontario are located away from the fires. Thunder Bay is the largest city in Northwest Ontario and has many wildfire evacuees.
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Carney: Canada won't share bridge tolls until US debt is repaid.
Mark Carney, the Prime Minister, said that Canada would not share toll revenue with the United States until Canada had recovered its initial investment. The delay in opening the Gordie-Howe bridge, which was paid for by Canada has caused tensions between the United States, and Canada. This is at a time when the two countries are trying to update their trade agreement. Donald Trump, the U.S. president, said last week that he had negotiated "a better deal" with Canada to enable the U.S. bridge's July 27 opening. Carney was criticized by political opponents for caving in to the U.S., after American officials claimed that they had "gone from receiving no revenue" to a significant amount of revenue. Carney told a Thursday press conference that the agreement between Michigan and Canada on the Gordie-Howe bridge was unchanged since 2012, when Canada agreed pay for the bridge. According to the deal, Canada had the right to keep all toll revenues until it recovered its bridge investment costs. Carney said that any sharing of?toll revenues will not happen until the entire debt has been repaid. Carney added that Canada and the U.S. would share net revenues during the first fifteen years, after operating costs such as maintenance and snow removal. He said that he expected net revenues to be modest for the first couple of years after these costs. "When the splitting starts, all the portions that are going to the U.S. Government will be reinvested?into economic development." Details of the agreement reached between Canada and the U.S. are not public. Two sources said that a deal was reached last week, and the U.S. It would receive 50% of the toll revenue profit and be able veto any toll increase that is 10% higher than current tolls. Fen Hampson is a professor at Carleton University who specializes in international affairs. He said that the deal represented a win for Canada. If you do the math on when Canada will split the revenues, it won't leave much to?split." Carney said that it was in Carney's interest that Americans thought they forced a Canadian concession. It's better for Trump to think that he has won, or else he could be vindictive. Shuvaloy Majumdar, a Conservative Member of Parliament from the opposition, called it "a terrible?deal" in a letter he sent to government last week. Majumdar wrote: "Canadians are entitled to the complete agreement, an accounting of all costs and a clear explanation about what was given."
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US networks are faced with a dilemma about whether or not to broadcast Trump's speech on election security
U.S. TV networks are considering whether or not to broadcast a planned address by President Donald Trump on Thursday, who will reportedly?focus his remarks on the security of elections, four months before?critical midterm election. Most of these speeches have been broadcast on television because they are considered to be important for the public. Reports on Wednesday said that the White House was considering using the speech as a way to reveal sensitive intelligence about China's intent or ability to influence the 2020 U.S. elections. Some Trump officials are concerned this could be misleading. Karoline Lavitt, White House Press secretary, said during a press briefing on Thursday that it is "also very likely" that Trump will address the current economic situation and Iran at the beginning of his speech. She said it is "all the more reason" that the networks should broadcast the speech in real time and Americans should tune in. Trump has spent many years sowing doubts over the outcome of elections, falsely claiming that his loss to Democrat Joe Biden in 2020 was rigged. Trump has claimed, without any evidence, that mail-in votes are rife in fraud and voting machines can be manipulated. Non-citizens voting is also widespread. Democrats such as U.S. Rep. Alexandria Ocasio Cortez have asked networks to not air the speech. They claim Trump will likely?repeat false claims. The three?major U.S. television networks - ABC, CBS, and NBC - did not answer questions regarding whether or not they would be broadcasting the speech live. CNN and Fox News did not reply to requests for comment. Refusing to broadcast the speech could anger an administration which has already put unprecedented pressure on major broadcast networks. Walt Disney's ABC faces two pending Federal Communications Commission inquiries, one of which examines whether the daytime talk show 'The View' violated equal time rules by interviewing Democratic Senate candidate in Texas. Trump has attacked NBC, and Comcast (which he calls "Concast"), repeatedly. He stormed out last month of an interview with NBC's political reporter Kristen Welker, after calling it "a one-sided crooked" network. Comcast?announced plans to split into 2 publicly traded companies by a spinoff NBCUniversal Sky. Analysts?have stated that the move could'make NBCUniversal a takeover target. The takeover of Paramount, by David Ellison - whose billionaire dad Larry is an ally of Trump - has caused a stir in the CBS newsroom, and led to the departure of senior staffers from "60 Minutes". Several employees have claimed that political influence was used to make editorial decisions. The network has denied this claim. Ellison now awaits FCC approval of Paramount's purchase of Warner Bros. Discovery could allow him to control CNN, which Trump has long criticized as unfair. Last month, the?Antitrust Division of the U.S. Justice Department approved this deal. The ?conservative-leaning cable news network Fox News, owned by Rupert Murdoch, generally carries all of Trump's speeches but may also be wary of this one. The network was ordered to pay $787 million in 2023 to settle a lawsuit for defamation over false claims it made about the 2020 elections. (Reporting Helen Coster, Additional reporting Edmund Lee; Editing Alistair Bell).
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New York's hydropower line outage irks governor who championed the project
The administration of New York Governor Kathy Hochul on Wednesday condemned an "ongoing outage" on the Champlain-Hudson Power Express transmission line. She had championed the $6 billion project to reduce the use of dirty oil-fired power plants and increase the razor-thin'state grid's buffer against unforeseen events. According to the latest transmission outage calendar from grid operator New York ISO, the?1,250 megawatt Champlain Hudson Power Express is expected to remain offline until July 31. New York ISO's data previously indicated that CHPE would not be in service until the end of this week. New York ISO didn't respond to a request for comment. Ken Lovett is Hochul's spokesperson and he said that the CHPE outage was unacceptable. "On the Governor's instruction, administration officials are in daily contact with developers to help identify and solve the problem." CHPE is able to deliver as much as 20% of New York City’s electricity. Hydro-Quebec said on Monday that it is currently offline because of a cable problem. Hydro-Quebec stated that the current cable problem on the U.S. end of the line has nothing to do with the shutdown on July 1. Blackstone Inc. and Hydro-Quebec jointly developed the project. Hochul said last month that CHPE would help replace the lost power with the?closure of the Indian Point nuclear facility. Since then, New York City is relying more on fossil-fuel generators and this has increased pollution in the downstate area. According to the NYISO, this month, with temperatures reaching 100 degrees Fahrenheit,?oil-fired-generators have been ramped up in order to meet a surge in energy demand due to increased air conditioning usage. The power line runs 339 miles (546 km) along the length of New York State from the Canadian border, to the converter station in Astoria Queens where the energy enters the New York City grid. New York ISO announced earlier this week that it would not be relying upon CHPE for this summer's grid, despite the fact that grid reserves were "extremely low."
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Ontario seeks federal assistance for evacuations due to wildfires, as the smoke spreads
Ontario asked for federal assistance on Thursday to evacuate people from remote northern communities that were ravaged by wildfires. Smoke brought poor air quality to Toronto and the Northeastern U.S. Canada now has more active fires than in the previous two years, and has a larger burned area compared to the year 2025. The majority of fires are located in remote parts of central provinces such as Manitoba, Saskatchewan, and Ontario. Jill Dunlop said that Ontario's Minister of Emergency Preparedness, Jill Dunlop stated on X, "In response the the significant threat of wildland fires in the north of Ontario, the Province has issued a formal request for assistance to the Government of Canada. We are prepared to expedite deployment of federal resources as support to evacuations." She said that the Canadian Armed Forces were among those who would be able to help. In prepared remarks, Prime Minister Mark Carney stated that the federal and provincial governments are in constant communication and will provide assistance as required. In recent years, wildfires have mostly affected'remote indigenous community. Indigenous Services Canada reported that?1,600 people had been evacuated due to fires in First Nations communities this season as of July 15th. According to the government, there were 859 fires burning across the country as of Thursday. Of those, 113 were considered uncontrollable. So far, 5.89 million acres (2.384 million hectares) of land have been burned. Carney said on Wednesday that the wildfire situation had gotten worse in the past three weeks, especially in Northwestern Ontario. "Thousands of people were forced to leave their homes, not knowing whether they would survive." Canadian National Railway announced that employees and residents in the town of Armstrong had been evacuated Monday night following a viral video posted on'social media showing a CN train engulfed in fire. CN announced that it has suspended rail operations in the area of Armstrong, which is more than 500 km (310 miles), north of Toronto. This was done as a precaution because wildfires were raging. Fury Gold Mines, based in Vancouver, announced on Wednesday that they had temporarily suspended exploration and drill at their Eau Claire project located in northern Quebec. This was after the company evacuated all its personnel because of a forest fire nearby. The Australian-listed 'Green Technology Metals', which focuses primarily on lithium exploration, operates a mine near Armstrong. Green Technology Metals did not reply to an email asking if it evacuated staff. The majority of gold mines in northern Ontario are located away from the current fires.
ROI-Hormuz oil shock echoes 1973 embargo lessons: Bousso
The Strait of Hormuz is now open to oil and gas, but the 100-day closure of this vital waterway could be the turning point in the global energy market. Arab oil embargo 1973, which was a similar supply shock, provides clues as to where we may be heading. The latest Middle East Crisis tested the limits of the modern energy system. It has evolved in recent decades to a highly connected global market, held together by thousands trading houses, complex pricing systems, and thousands of tankers. The system was remarkably flexible during the U.S. and Israeli war against Iran that began on February 28. The rapid shifts in demand and supply patterns have mitigated what was previously considered to be a "doomsday scenario": the closure of the Strait of Hormuz. This narrow waterway is where?nearly? a fifth of world oil and gas are typically transported. This shock was not without pain, especially in Asia which relies on Middle East oil and gas for 60% of their imports. Market adaptations made during the crisis, such as the depletion of energy stocks and China's reduction in imports, were not sustainable.
The global energy markets bought time. The global energy markets could have reached a critical point had the Strait not reopened at that time, when inventories were dangerously low. The calamity could have been avoided, but the Hormuz Crisis has forced nations to rethink energy strategies. Do we need to expect a drastic reduction in the use of fossil fuels? The comparison of today's crisis with the Arab oil embargo shows that the future will be much more complex, but that it could mark the end of oil.
BLACK GOLD
John D. Rockefeller founded Standard Oil in 1870, and thus began the modern era of oil. Oil consumption grew from almost nothing in 1900 to more than 100 million barrels a day in the 2020s. Control of the "black gold", as global consumption grew throughout the century, and new oil frontiers were created, especially in the Middle East - became a source for friction between Western powers, and the producing nations. This led to countless wars, coups, and conflicts. After the Yom Kippur War of 1973, Arab members of the Organization of Petroleum Exporting Countries placed an oil embargo against the U.S. This quadrupled the oil price almost overnight and triggered a global inflation.
Great Reshuffle
The impact of the embargo was wide-ranging. It first pushed governments and companies to reduce fuel consumption. As Washington imposed fuel efficiency standards, U.S. motorists shifted to smaller and more efficient Japanese vehicles. European automakers promoted diesel engines and heavy industries moved away from fuel oils to coal and gas. Western countries, in general, accelerated the development domestic oil and gas resources, especially offshore basins. It reduced their dependence on imports while also reducing the energy intensity of economies. In 1974, the crisis led to the creation of the International Energy Agency to coordinate global responses in the event of major oil disruptions. This included the management of newly-created national strategic petroleum reserve.
In the end, fossil fuels were not abandoned, but used more carefully.
NEW?ENERGY STRATEGY : DIVERSIFY AND BUY LOCAL Fast-forward to 2026 and a similar change appears to be taking place. There are more affordable alternatives to fossil-fuels available today than in the 1970s. This could reduce oil and gas consumption. Asia, which was most affected by the closure of the Gulf, responded with drastic measures. These included four-day work weeks, mandatory policies to work from home, and restrictions on car and air travel. Energy shortages forced some industries to reduce their capacity.
These were only temporary measures that would be reversed when oil flow returned to normal. It is structural changes which will determine the future of the fastest growing energy market in the world. Asian economies have focused for years on finding the cheapest sources of energy to fuel growth. Hormuz taught us that energy security is more important than anything else, including price. In order to achieve this, India and Pakistan are now investing in their domestic oil reserves. They will follow IEA member countries and China.
India, Pakistan, and Japan are among the major energy-importing nations that want to reduce their dependence on oil and gas. They do this by investing in renewables, nuclear, and even coal. In South Korea,?a major industrial and petrochemical powerhouse?President Lee Jae Myung called for efforts to explore alternate supply chains, pursue long-term industrial restructuring, and move towards a "plastic free economy" as part of key national projects in April.
Europe was not as badly affected by the Iran Crisis, but it has experienced two major energy supply crises in less than five years. Europe had to replace the sanctioned energy supply after Russia invaded Ukraine in 2022. Gas prices rose and countries implemented energy-saving measures, causing a painful contraction in consumption. Chemicals, glass, and steel industries also suffered as the high cost of fuel made them uncompetitive on a global scale. The European gas market dropped by more than 20% between 2021-2023, and it has barely recovered since. Renewables are now a larger part of Europe's energy mix. This trend is likely to be accelerated by the latest'shock.
Capital has already started to follow these new global energy priorities. Despite the Middle East conflict's destabilising effects, global energy investments are expected to reach $3.4 billion this year. This is up 5% compared to 2025.
This money is mainly spent on alternatives to oil, gas and system reliability. This suggests that the shift away from oil, even if it is only marginally increasing, has gained traction.
According to the IEA, electric vehicle sales soared in the first three months of 2026. They increased by 30% in Europe, by 75% in Latin America, and by 80% in Asia Pacific. Solar trade flows also tell a similar story. Chinese panel exports to Africa have risen by 120% and to Southeast Asia, they've jumped 150%.
In Africa, 15 nations reported solar imports exceeding $400 million dollars in the first quarter, compared to $650 million by 2025.
The policy agenda is increasingly focusing on energy efficiency. The global spending on this topic is already around $350 billion a year. And the scope of such policies continues to expand. According to the IEA, approximately 20 countries announced new efficiency'measures as a direct response to Hormuz.
It is not true that oil and natural gas will soon be replaced as the mainstays of the global energy system. The oil industry is still deeply rooted in transportation, agriculture, and construction. Meanwhile, the gas industry has been boosted by an increase in electricity demand, fueled by air conditioning, industrial expansion, and AI data centers. It's all about the direction. The direction of fossil fuel usage was always up and to the left for most of the 20th century. The Hormuz Crisis may change this.
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(source: Reuters)