MONTREAL — Skyrocketing jet fuel costs threaten to push airfares up and flight numbers down well into the peak summer travel season, even as signs of hope emerge that oil flows from the Persian Gulf are set to resume.
Iran’s foreign minister said Friday the Strait of Hormuz was “completely open” for all commercial ships after a ceasefire deal between Israel and Lebanon, though uncertainty remains amid an ongoing American blockade of Iranian ports.
Even if the agreement sticks, experts say it will take weeks for oil traffic to ramp up, while jet fuel could take much longer to reach prewar production levels given the damage to refineries in
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