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Hard Numbers

Hard Numbers: NASA probe starts long journey toward Jupiter, Russia’s shadow fleet evades oil price cap, Israel vows to strike Hezbollah across Lebanon, Global inequality researchers win Nobel economics prize

A SpaceX Falcon Heavy rocket lifts off from Kennedy Space Center, FL Monday, October 14, 2024 carrying the Europa Clipper spacecraft for NASA.

A SpaceX Falcon Heavy rocket lifts off from Kennedy Space Center, FL Monday, October 14, 2024 carrying the Europa Clipper spacecraft for NASA.

Craig Bailey/Reuters

1.8 billion: Would you live on one of Jupiter’s moons? On Monday, NASA launched a solar-powered probe toward Europa, one of Jupiter’s moons, to see if it can support life. The probe will travel for five and a half years and about 1.8 billion miles before it reaches Europa.


70: Russia is using a shadow fleet of oil tankers — comprised of aging vessels with unclear owners — to evade a Western price cap meant to limit energy revenues and punish Moscow over its invasion of Ukraine. Roughly 70% of Russia’s seaborne oil has been transported by its shadow fleet in recent months, according to a new report from the Kyiv School of Economics.

21: At least 21 people were reportedly killed in an Israeli strike on Monday in northern Lebanon, a Christian-majority area. This came a day after a Hezbollah drone attack on an army base in northern Israel killed four soldiers. “We will continue to strike Hezbollah without compassion in every part of Lebanon, including in Beirut,” Israeli Prime Minister Benjamin Netanyahu said during a visit to the base on Monday.

3: On Monday, three US-based academics — Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago — won the 2024 Nobel economics prize for their research on global inequality. “The laureates have demonstrated the importance of societal institutions” to help reduce the vast differences in income between countries, says Jakob Svensson, chair of the Committee for the Prize in Economic Sciences.

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​The amount of time European airports have before facing jet fuel shortages if the Strait of Hormuz is not fully reopened.

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Natalie Johnson
The ACI Europe, a regional airport trade group, is warning EU leaders that airports could soon face “systemic” jet fuel shortages while Iran maintains its grip over the Strait of Hormuz. Airlines also say they have enough fuel to get them through several weeks, but aren’t able to guarantee deliveries in May. This comes as Asian countries like [...]
The revenue generated by Russia’s main oil tax in April amid the Iran war, per Reuters calculations. The amount is double last month’s revenue, and up by 10% from this time last year.

The revenue generated by Russia’s main oil tax in April amid the Iran war, per Reuters calculations. The amount is double last month’s revenue, and up by 10% from this time last year.

Natalie Johnson
The Iran war has pushed Brent crude prices to $100 per barrel, up from around $70 before the conflict began. One of the main beneficiaries was a country not fighting in the war: Russia. The Kremlin relies heavily on its oil and gas exports, which account for between 30% and 50% of the government’s budget. As such, the global surge in prices has [...]