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

•

Jet FuelOil PricesIEAStrait of HormuzAirline Costs

BUSINESS

Jet Fuel Prices Surge Past $3.95 Amid Iran Conflict, Threatening Airfares

A surge in jet fuel prices past $3.95/gallon, driven by the Iran conflict, threatens to increase global air travel prices as airlines face rising costs.

Mar 7, 2026•4 min

•

Jet FuelAirfareGeopoliticsUnited AirlinesStrait of Hormuz

BUSINESS