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6 hours ago

Cruise lines face fuel cost surge as oil prices jump on Iran tensions

Cruise lines are facing headwinds as rising oil prices push their fuel costs higher amid the Iran war, as analysts are warning that Carnival could see the biggest hit to its 2026 profit.Oil prices have risen over 35% since the war with Iran began amid attacks on oil and transportation facilities as well as threats to oil tankers and other vessels transiting through the Strait of Hormuz.The prices for West Texas Intermediate crude have risen above $90 a barrel in recent days, while Brent crude has been just above $100 a barrel in that timeframe. Those prices were between $60 and $70 a barrel a...

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