Economy

Iran war doubles oil prices as airlines sound alarm

The Iran conflict has sent oil prices soaring roughly 100%, and airlines are already rationing fuel and cutting routes — a pattern economists treat as an early warning for broader economic pain. The Strait of Hormuz, through which roughly 20% of global oil flows, remains under threat of closure. United Airlines has publicly flagged jet fuel costs as an existential pressure on its business model.

Sources

Airlines Are Already Preparing for an Oil Crisis

Wired · Mar 22