oil markets Archives - TPR: The Public's Radio

A worker fuels a Delta Airlines plane at Salt Lake City International Airport on April 09, 2026. As fuel prices continue to rise amid the war in Iran, airlines around the world are canceling flights and scaling back routes due to surging jet fuel prices.

NPR

Jet fuel prices double, leading airlines to increase baggage fees, raise fares

by Camila Domonoske April 16, 2026April 16, 2026

Airlines are facing higher costs, and one airport group in Europe has warned of the risk of a “systemic jet fuel shortage” if traffic through the Strait of Hormuz doesn’t normalize by the end of this month.

A motorboat cruises off the coast of the United Arab Emirates, on the Strait of Hormuz, with a tanker seen in the background, on February 25, 2026. Tanker traffic through the strait has come essentially to a stop after Iran declared the strait closed following attacks on Iran by the U.S. and Israel.

NPR

Oil prices surge amid fears over Iran war

by Camila Domonoske March 2, 2026March 2, 2026

Global oil prices are in the high $70s as traffic through Strait of Hormuz comes to a halt. Some analysts have warned they could top $100 a barrel if the stoppage is prolonged.

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