36 resultsfor “jet fuel prices rise Middle East conflict”
Middle East weighed on demand for international travel. About 6.7 million people flew through the airport in April, a 5% drop compared with the same period last year. The fall reflected the impact from
Middle East, but both beat analysts' forecasts and expect their profits to grow further as the year goes on, with the price of oil still significantly higher than when the war broke out. Some
jet fuel refined from Russian crude oil](https://www.theguardian.com/world/2026/may/20/uk-struggles-to-reassure-ukraine-after-easing-new-sanctions-on-russian-oil). The OECD warned that the UK also faceed a significant challenge from the [increased fertiliser costs](https://www.theguardian.com/world/2026/apr/03/visual-guide-gulf-fertiliser-blockade) as a result of the conflict
rise Air France-KLM has cut its capacity growth forecasts for this year as the Iran war drives up its fuel costs by billions of dollars. The French-Dutch airline expects its fuel bill
Middle East was "kind of crazy" and needed to be addressed, he believed summer disruption fears have been overplayed. "I don't think we'll be running out of fuel," he told reporters. "Jet fuel
rise as much as 20c a litre and more service stations face temporary fuel outages, according to Vlado Vivoda, honorary fellow at the University of Queensland’s sustainable minerals institute. “I don’t think there
rising gas prices – [and inflation](https://www.theguardian.com/business/2026/may/12/us-inflation-april-iran-war) – and Donald Trump is facing a historic backlash in [the polls.](https://www.usatoday.com/story/news/politics/2026/05/17/americans-economy-trump-poll/90133566007/) The president [promised recently](https://www.usatoday.com/story/news/politics/2026/05/05/trump-gas-prices-substantial-drop-iran-war/89943271007/) that relief will be swift once
conflict, affecting some lower profitability routes and flights which now are no longer economically feasible,” Air Canada [said](https://www.aircanada.com/media/cost-of-fuel-and-the-impact-to-air-canadas-schedule/) in a statement on Friday. “Schedule adjustments including some frequency reductions are being made
rise in energy costs since the conflict began has also pushed up government borrowing costs, as measured by bond yields. The fear is that higher energy bills will increase inflation leading central banks to hike
Middle East operations in the wake of the announcement. During the war, there was limited passage through the Strait of Hormuz, with an average of 10 ships a day passing through, compared with 135 that
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
conflict involving [Iran](https://www.theguardian.com/world/iran), the US and Israel to a “global economic crisis which shows no signs of abating”. Just this week, petrol prices in the US approached a four-year high
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 or life-saving pharmaceuticals and vaccines do so too. I estimate that 22 percent of global air cargo
jetting ahead of the legacy airlines. The headline of a *Planet Money* episode about Spirit in 2014 kind of says it all about this era: "[The Fastest Growing, Least Popular Airline In America.](https://www.npr.org
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)
rising tensions in Taiwan, and competition in advanced technologies are all at stake. Economically, the ongoing trade war with the US and the conflict in Iran may be bad news for Xi, but ideologically