Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices.The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained by the threat of Iranian attacks, impacting the availability of a key input in making jet fuel.Data from the International Air Transport Association (IATA) Jet Fuel Price Index showed that the global price of jet fuel surged from nearly $100 a barrel late last year and at the outset of 2026 to more than $200 a barrel...
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