Why airlines are now cutting prices | FT #shorts

Have you booked your summer holiday. Lots of people are pushing theirs back. They're concerned increasingly about the potential shortages of jet fuel.The conflict in Iran has caused chaos in the global energy markets, closing the Strait of Hormuz, which accounts for 40% of the world's kerosene. That has led to the price of jet fuel doubling and in some places led to some shortages. Now there are worries those might hit Europe in the summer.And so people are pushing back booking their holidays. No one wants ...