Jet Fuel Prices Expected To Stay High Despite Iran Deal
Jet fuel prices are expected to remain elevated despite Iran nuclear talks, potentially keeping airfares high for passengers in the region longer than anticipated, according to aviation industry officials.
BANGKOK: Despite optimism around the US-Iran ceasefire and the reopening of the Strait of Hormuz, it will take time for jet fuel prices to return to pre-crisis levels and airfares could remain high for longer than passengers expect, says the International Air Transport Association (IATA).