Jet Fuel Is Up 95%. Summer Hasn't Even Started
Jet fuel in America just surged 95% in five weeks. Eight countries shut their airspace. Dubai airport closed. London to Mumbai now detours through Egypt. Every reroute costs airlines $50,000 extra per flight. United cut 5% of routes. SAS canceled 1,000 flights. Vietnam Airlines slashing 20%. And the fuel itself? It came through Hormuz. Which is also shut. Sources: The Hill, CNBC, Bloomberg, Euronews, Fox Business #jetfuel #flights #oilshock #hormuz #iran #airfare #travel #summer #geopolitics #moneymaps created with geotasker.ai
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