Anonymousabout 3 hours ago
The US-Israel war on Iran and the resulting Strait of Hormuz disruption have doubled jet fuel prices since late February 2026, forcing airlines to cancel at least 13,000 flights in May alone, permanently shutting down Spirit Airlines, and prompting major retailers like Next to raise prices by up to 8% in non-European markets. The crisis — which the International Energy Agency has called the largest supply disruption in the history of the global oil market — is hitting budget carriers and developing-world consumers hardest, while raising questions about whether some companies are using the conflict as cover for commercially motivated cuts.