35 resultsfor “Impact of Middle East war on jet fuel prices”
war in Iran ends, a minister has said. The closure of the strait of Hormuz, a key shipping lane that carried a fifth of global oil and gas, has sent oil prices soaring since
war on bookings and oil prices will hit its profits, having driven up fuel costs by £25m in the last month alone. It said it expected to report an increased pre-tax loss
Middle East and unsnarling supply chains takes time, say energy experts. [The national average gasoline price](https://fuelinsights.gasbuddy.com/charts) is at $4.55 as of 22 May, up roughly $1.50 from where it was before
war on Iran has caused severe disruption for airlines, featuring widespread cancellations, airspace closures and a looming [jet fuel crisis](/news/2026/4/16/jet-fuel-shortage-why-iran-war-could-ground-flights-in-europe). “35 percent of pharmaceuticals move by air, and about 90 percent of critical
jet fuel shortage in Europe. We have no signs that we will have a shortage in the coming period,” he told Reuters. Many big carriers hedge most of their fuel supply, insulating them from
Middle East conflict began. In response, it has trimmed its expectations for capacity growth to between 2% and 4% this year, down from 3% to 5% previously. The Air France-KLM chief executive, Ben Smith
impacted after Iran effectively closed the [key Strait of Hormuz waterway](https://www.bbc.com/news/articles/c78n6p09pzno) in retaliation for US and Israeli strikes on the country. In recent weeks, companies around the world have warned that supply
war in the Middle East. A list of policy requests submitted to ministers and the aviation regulator includes suspending the emissions trading scheme and relaxing limits on night flights, it has emerged. Airlines are also
war price of $66. The crisis has prompted governments to tap into [strategic oil and gas reserves](/news/2026/3/23/which-countries-have-strategic-oil-reserves-and-how-much), and the United Kingdom has begun talks with a [coalition of more than 40 countries](/news/2026/4/2/can-starmers-40-nation-coalition-open-the-strait-of-hormuz
impact of the Middle East conflict dampens confidence in the economy and personal finances, a survey has suggested. Consumer confidence in the UK has dipped over the last three months at the fastest rate since
impact of the war so far has been a surge in energy prices. Around a fifth of the world's oil and gas is transported through the Strait of Hormuz, but those shipments effectively ground
Middle East, and at some points has stopped it entirely as a result of missile strikes and drone attacks. The RAC motoring group has warned that prices at the pump could keep rising if there
jet fuel. Loading... Gasoline prices have been elevated since the start of the war in Iran, and there's no sign of relief on the horizon. High prices are [angering voters](https://www.npr.org/2026/05/06/nx-s1-5812643/poll-most-americans-say-trump-deserves-blame-for-high-gas-prices)
jet fuel](https://www.theguardian.com/business/2026/apr/24/uk-eases-airline-penalties-jet-fuel-shortages-flights). In normal times, Dubai and Doha are key hubs for medicine air freight moving to Europe from India, known as the world’s pharmacy, where the bulk of off-patent
prices amid the Middle East conflict. 3. ***UK news***| A British crew member who became ill after a suspected outbreak of hantavirus on luxury cruise ship the MV Hondius [is to be medically evacuated