As supply tightens, airlines face higher costs, route cuts and rising passenger fares The world consumes nearly 8 million barrels of jet fuel every day, yet cleaner alternatives such as Sustainable ...

Elizabeth Schulze, ABC News business reporter, and Katy Nastro, travel expert, break down the jet fuel crunch, what’s driving higher costs, and how it could impact your summer travel plans. Major ...

Jet fuel prices roughly doubled in the early weeks of the Iran war, prompting airlines to pass the costs on to consumers through increased fares, fewer flights and higher baggage fees.

Europe faces an acute logistics problem as the Iran war severely restricts flows from the Middle East. The International Energy Agency earlier this month warned that Europe could run out of jet fuel ...

If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights. By Niraj Chokshi The war in Iran has forced airlines to ...