Airlines hedge jet-fuel exposure amid Iran-war oil price rise
Higher oil prices tied to the Iran war are pushing up jet fuel, a major airlines’ cost input. Brent crude rose to six-week highs near $97/bbl after U.S. strikes on Iran and renewed Israeli threats toward Tehran.
By Gianluca Lo NostroHigher oil prices due to the Iran war are increasing prices of jet fuel, which accounts for a big portion of airlines' costs.Brent crude oil ICEEUR:BRN1! prices hit six-week highs at $97 per barrel on Thursday, after U.S. strikes on Iran and renewed Israeli threats against Tehr…