2026 Iran war drives jet-fuel spike as Strait of Hormuz tensions squeeze airlines and prompt SAF push
Oil and jet-fuel prices surged after the outbreak of the 2026 Iran war as Strait of Hormuz tensions disrupted flows, producing a sharp but not-yet-record spike. The shock heightens airline cost pressure, narrows the SAF premium and has spurred industry moves including Airbus's 'Book and Claim' SAF push.