Lufthansa Cancels Flights, Scarcity Shock Looms

0:00It's April 22nd. This is U.S. News Today, your AI-powered source for national news. Lifton's had just dropped a bombshell, cancelling over 20,000 flights this summer due to jet fuel shortages and skyrocketing prices. This stems directly from the Iran War disrupting supplies, kicking off what's being called a scarcity shock across the global economy. Fuel costs have made too many routes unprofitable, forcing the airline to ground planes on popular paths. Meanwhile, experts warn this is the tip of the iceberg, with shortages hitting energy and beyond. People are already feeling the pinch, from higher ticket prices to delayed travel plans, sparking frustration at airports worldwide. Businesses rely on quick shipping face bigger headaches, as supply chains grind slower. Recent reports highlight how this war has choked off key oil routes, leading to real physical gaps and goods, not just inflation. Other carriers are watching closely, prepping for their own cuts. As the scarcity wave builds, economies everywhere brace for the ripple effects, turning price

1:04hikes into outright unavailability that could reshape. How we move and trade.