Jet Fuel Prices Likely to Remain High, Airfares May Not Drop Quickly
Technology

Jet Fuel Prices Likely to Remain High, Airfares May Not Drop Quickly

The International Air Transport Association (IATA) stated that despite a US-Iran ceasefire and the reopening of the Strait of Hormuz, jet fuel prices will take time to return to pre-crisis levels, leading to expectations of sustained high airfares. The Asia-Pacific region's reliance on Middle Eastern crude oil imports makes it particularly vulnerable.

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