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Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
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Oil prices stablized as investors scrambled to make sense of President Trump's decision to extend the cease-fire with Iran
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As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
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Stock futures rise after Trump extends ceasefire with Iran: Live updates CNBCOil prices dip as status of US-Iran peace talks remains unclear BBCUS Stock Futures Rise as Trump Extends Iran Truce: Markets Wrap Bloomberg.comDollar around one-week highs on doubts about Iran war ceasefire ReutersGold
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Oil prices dip as status of US-Iran peace talks remains unclear BBCCiti spells out 3 scenarios for the Strait of Hormuz — and where oil prices would go in each CNBCOil Futures Settle Higher With U.S.-Iran Talks Undecided WSJOil Slips as Iran Set to Attend Negotiations With US in Pakistan Bloomberg.comOil prices turn lower as investors assess outlook for US-Iran peace talks Reuters
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For travelers, the disappearing flights are translating into fewer route and connecting options, and of course higher fare prices.
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GE Aerospace's stock falls as the full-year outlook was kept mostly intact despite a big first-quarter earnings beat.
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Oil prices turn lower as investors assess outlook for US-Iran peace talks ReutersUS Stock Futures Rise as Trump Extends Iran Truce: Markets Wrap Bloomberg.comOil edge lower as fragile Iran ceasefire extension clouds outlook CNBCOil prices jump amid renewed tensions over the Strait of Hormuz NBC News
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