The Guardian Australia
·general
·1 hour ago
Jet fuel prices double as Iran conflict blocks shipping lanes, threatens airline
Jet fuel prices have doubled since the Iran war began, with global shipments hitting record lows as the Strait of Hormuz remains blocked. While complete fuel shortage is unlikely, airlines including Lufthansa, Spirit and Virgin are cutting flights and raising fares. Experts warn stocks could deplete by June if conflict continues, potentially forcing temporary aviation groundings.
Summary by Glance · The Guardian Australia
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