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Jet Fuel Prices Surge; Airlines Cut Flights Amid Crisis

4/18/2026

39 6 Full Breakdown

Summary

Story summary

Jet fuel prices have more than doubled since military operations began on February 28, reaching $209 per barrel due to the Iran conflict and the Strait of Hormuz closure.
The International Energy Agency warns Europe has six weeks of jet fuel left.
Lufthansa and KLM Royal Dutch Airlines cut flights and adjust operations to cope with costs.
The changes could raise ticket prices and reduce direct routes this summer.

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Story summary

Jet fuel prices have more than doubled since military operations began on February 28, reaching $209 per barrel due to the Iran conflict and the Strait of Hormuz closure.
The International Energy Agency warns Europe has six weeks of jet fuel left.
Lufthansa and KLM Royal Dutch Airlines cut flights and adjust operations to cope with costs.
The changes could raise ticket prices and reduce direct routes this summer.