The First Domestic Impact of the Iran War: Airfare Most Americans experience foreign policy through headlines. But the economic consequences show up somewhere else entirely—your wallet. As the conflict with Iran escalates and tensions choke off oil shipments through the Strait of Hormuz, global energy markets are reacting fast. Brent crude has now surged past $100 per barrel, a jump of more than 60% since the start of the year. That kind of spike doesn’t stay confined to oil traders. It flows directly into industries where fuel is the lifeblood of operations. At the top of that list: airlines. Jet Fuel: The Hidden Driver of Ticket Prices For airlines, fuel is one of the largest operating expenses, often representing 20%…
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