A significant surge in jet fuel prices, driven by disruptions in the Gulf following air strikes on Iran, is poised to increase air travel costs and potentially lead to flight cancellations.

• Jet fuel costs have risen by over 80%, with prices spiking to more than $1,500 per tonne, the highest since 2022.
• Analysts, including United Airlines chief executive Scott Kirby, warn of immediate impacts on ticket prices and airline profits.
• While some airlines like EasyJet and Ryanair are hedged against price increases, a prolonged disruption to the Strait of Hormuz could still affect even those with hedging strategies.