Two-week US–Iran ceasefire eases Gulf airspace risk; markets rally but jet‑fuel tightness persists
A brokered two-week ceasefire between the US and Iran — which reopened the Strait of Hormuz — has eased immediate airspace risk, prompting cautious optimism from airlines and a drop in oil prices. Industry sources warn, however, that jet‑fuel shortages and tight supplies could linger for months.