Jet Fuel Prices Surge as Iran War Disrupts Middle East Exports

Jet fuel prices are soaring around the world as oil traders grapple with the fallout of the Iran war, adding to wider concerns about global inflation.

In Europe, they’ve spiked to the highest since 2022 — the year that Russia began its invasion of Ukraine — while prices in the US and Asia hit a more than two-year high, according to figures from General Index. Costs are rallying faster than crude oil, which has risen as the Middle East conflict destabilizes energy output and disrupts a crucial shipping route in the region.