Jet Fuel Crisis Hits Airlines

The effective closure of the Strait of Hormuz has disrupted global supply chains, leaving some regions with only a few weeks of fuel supply remaining.

Low-cost airlines are particularly vulnerable, with some seeking temporary tax relief to avoid potential liquidation.

Travel experts warn that summer airfares could surge by as much as 30% as companies pass on the increased costs to passengers.

The crisis has also threatened international travel plans for major upcoming events like the 2026 World Cup.