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The Times of India

Business / The Times of India

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Airlines hike fares as Middle East conflict sends fuel costs soaring

Escalating US-Iran tensions are causing sharp volatility in oil markets and significantly impacting the aviation industry. Airlines are raising fares and fuel surcharges due to surging jet fuel costs and airspace restrictions, leading to flight cancellations and passenger disruptions. Oil prices are whipsawing amid uncertainty, with potential emergency reserve releases being considered.

11 Mar 2026 10:59 am