General · 6 March 2026
Jet fuel prices up 80% after Gulf supply disruption
Analysts warn a sharp rise in jet fuel prices could increase airfares and cause flight cancellations. Aviation kerosene costs have risen over 80% due to supply issues from the Gulf, which provides about 50% of Europe's imports. This follows air strikes by the US and Israel on Iran, leading to the Strait of Hormuz being shut. One expert suggests flight disruptions could occur within weeks.
Reported by BBC · How we write briefs