IEA Releases Oil Reserves as Hormuz Closure Spikes Airline Fuel Prices

The IEA authorized an emergency oil reserve release to counter soaring fuel prices after the Strait of Hormuz closure, hitting unhedged US airlines hardest.

Mar 13, 2026•5 min

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Jet FuelOil PricesIEAStrait of HormuzAirline Costs

BUSINESS

Jet Fuel Prices Double; Airlines Face Mideast War Fallout

Global airlines face soaring costs as Middle East conflict doubles jet fuel prices, forcing fare hikes and impacting summer travel demand.

Mar 12, 2026•5 min

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Jet FuelFuel HedgingLufthansaAirline EconomicsMiddle East

BUSINESS