Jet Fuel Prices Surge | Airlines Add Surcharges Amid Hormuz Crisis |

Jet fuel prices are surging globally, reaching nearly 209 US dollars per barrel, according to the International Air Transport Association. While oil prices have recently eased, the bigger concern is supply disruption—especially around the Strait of Hormuz, which affects nearly 21% of global seaborne fuel supply.

Cargo airlines like Emirates SkyCargo, Nippon Cargo Airlines, and FedEx are increasing fuel surcharges, passing rising costs onto global trade.

This dual shock of rising prices and shrinking supply could reshape aviation economics, impacting freight rates, airline profitability, and global supply chains.