Iran War Drives Up Jet Fuel Costs As Summer Travel Season Looms

Iran War Drives Up Jet Fuel Costs As Summer Travel Season Looms

Airfare is taking off as the Iran war drives up jet fuel costs, with travelers now facing steeper prices heading into the summer travel season.

Travel Insurance Companies List Rising Fuel Costs as a ‘Known Event’ Against Claims—Here’s What to Know

Empty seats in an airplane. Jet fuel shortages caused by ongoing disruptions to the Strait of Hormuz are likely to be felt in the coming months. As of early May, European airlines have already slashed a whopping 13,000 flights. While American carriers haven’t started cancelling routes, airfare has started to skyrocket in response to jet fuel prices—which averaged around $180 per barrel last week, according to Fortune. So, what happens if a serio…