Iran War 2026 drives crude and jet‑fuel spike, compresses SAF premium and strains airline operations
The outbreak of the 2026 Iran War and Strait of Hormuz tensions have pushed crude and jet‑fuel prices sharply higher, though not yet to record highs. Carriers face rising fuel bills, reroutings and supply disruptions while Airbus, IATA and others accelerate SAF measures such as book‑and‑claim.