The ongoing conflict involving Iran is expected to push airline ticket prices higher worldwide, as aviation fuel costs have surged significantly.
According to reports, the price of jet fuel has increased by around 56% following the first strikes by the United States and Israel on Iran on February 28.
The near shutdown of the Strait of Hormuz, one of the world’s most critical routes for transporting oil and gas, has directly affected global energy markets.
Experts say that some airlines have already begun raising ticket prices, particularly for premium classes, while the CEO of United Airlines has warned that the impact on airfare could be felt very soon.
