Chevron CEO Mike Wirth warned that strain on the aviation industry could intensify in the coming weeks as jet fuel supplies tighten, driven by disruptions tied to the Iran war. Appearing Sunday on CBS ...

Fuel crisis from Middle East conflict could push carrier into loss as it looks to offset costs with higher fares The soaring price of jet fuel will cost American Airlines another $4bn this year, the ...

Europe faces a potential shortage of jet fuel in the coming weeks due to the Iran war and closure of the Strait of Hormuz. Some airlines have already said they would cut flight schedules amid rising ...

NEW YORK (AP) — A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn't ...

Forbes contributors publish independent expert analyses and insights. Doug Gollan covers private aviation and the business of luxury travel. This voice experience is generated by AI. Learn more. This ...

As supply tightens, airlines face higher costs, route cuts and rising passenger fares The world consumes nearly 8 million barrels of jet fuel every day, yet cleaner alternatives such as Sustainable ...

PARIS—For more than a month, the war with Iran has choked off one of the world’s most critical sources of jet fuel, triggering a swift and dramatic shortage across the aviation world. Airlines, ...

An international jet fuel shortage is driving up airfares and triggering thousands of flight cancellations as airlines grapple with rising costs. Analysts warn the crisis could deepen in the coming ...

James LaPorta is the national security coordinating producer for the CBS News' Washington bureau. He is a former U.S. Marine veteran infantryman and veteran of the Afghanistan war. Washington — A U.S.

Gas prices are grabbing the headlines, but jet fuel prices have doubled in the last two months. So far, air fares are only up modestly. But that could change in the next couple of months. “We are ...

Jet fuel prices in the U.S. have more than doubled in a matter of weeks as Middle East tensions squeeze supply, fueling concerns airlines could run short of fuel. Prices jumped from about $2.17 to ...