Jet fuel crisis hits travel

Airlines across Europe and North America are trimming their summer schedules as the price of jet fuel has surged by approximately 45% since late February.

Chevron CEO Mike Wirth predicted that air travel will 'probably get worse' in the coming weeks, with planes becoming more crowded and fares continuing to climb.

The dual blockades of the Strait of Hormuz have severely restricted the flow of refined petroleum products.

Travelers are being advised to book their summer trips immediately before further price spikes occur.