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Story summary
- The ongoing war in Iran disrupts global oil supplies and drives jet fuel from $85-$90 to $150-$200 per barrel.
- Airlines including Qantas Airways, SAS Scandinavian Airlines, and Air New Zealand have announced fare increases due to rising fuel costs.
- The conflict has led to the closure of the Strait of Hormuz, worsening supply issues.
- Experts expect airfare hikes, especially for long-haul flights, as costs rise.
