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Jet fuel supply concerns grow as war on Iran drags on, airlines cut flights

Apr 07, 2026 14:54 UTC

Fuel prices have nearly doubled in the U.S. since the United States and Israel attacked Iran..

  • In this article The surging price of jet fuel isn't the airline industry's only problem
  • Now, it's whether it will have enough
  • Since the U

In this article The surging price of jet fuel isn't the airline industry's only problem. Now, it's whether it will have enough. Since the U.S. and Israel attacked Iran on Feb. 28, the price of jet fuel in the U.S. has nearly doubled, going from $2.50 a gallon on Feb. 27 to $4.88 a gallon on April 2, with the increases even sharper in other regions. The effective closure of the Strait of Hormuz is choking off supplies of both crude and refined products like jet fuel, further driving up the price. That's forcing airlines to consider cutting flights, especially overseas. Carsten Spohr, CEO of Ger

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