Business
Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices.
May 12, 2026 at 9:34 PM
As global oil prices remain above $100 per barrel due to the conflict in Iran and the closure of the Strait of Hormuz, airlines are facing a severe crisis. With fuel costs nearly doubling, carriers are passing these expenses to travelers, leading to significant increases in airfares.


