The Fuel Crisis That's Burning Airlines Alive The latest escalation in tensions between the US and Iran has sent jet fuel prices soaring, leaving airlines like United scrambling to stay afloat.
According to United's second quarter earnings report, the war has cost the airline an additional $6 billion in fuel payments this year alone.
The crisis began on February 28th, when the US and Israel launched their military strike against Iran, prompting a retaliatory closure of the Strait of Hormuz.