Airfares will not come down even if oil prices begin to fall, American Airlines has warned, as the world’s largest carrier said it expected to report a loss for the year because of higher fuel costs.
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Airlines' new normal: Higher fares, fewer flights www.axios.com/2026/10/22/a...
US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and pushed the cost to lease a tanker for the Pacific journey to a record of almost $80 million. www.bloomberg.com/news/article...
Heating oil is similar in composition to diesel fuel, the price of which has hit records above $6.50 per gallon following disruptions in the Middle East caused by the Iran war www.reuters.com/business/ene...
