Airlines are starting to cancel flights as they face jet fuel shortages and rising prices brought on by the Iran war
United and other airlines are cutting flights over high jet fuel costs and shortages. Justin Sullivan/Getty Images Jet fuel costs and supplies across the globe are under pressure from the US and Israeli war on Iran. Some major airlines are canceling flights in response. Air New Zealand and United Airlines both canceled flights. First, the war made flights more expensive. Now, it's making them disappear. The US and Israel's war on Iran has disrupted supply chains, trapping oil in storage facilities across the Middle East. That has caused the price of oil to rocket past $100 a barrel, and its availability to diminish. Jet fuel prices , as a result, reached $195 at the end of March, up nearly $100 from the end of February when the war began. And as the war drags on, jet fuel is getting harder to come by for countries that don't produce their own or have limited supplies. International Energy Agency Executive Director Fatih Biro said during a podcast interview earl...