US-Israeli Strikes Bomb Iranian Oil Ports, Knock Out 80 Percent Capacity

US-Israeli forces bombed Iran's oil infrastructure at Bandar-e Mahshahr and Bandar-e Kangan.

“Jet fuel on the rise: The impact of the war in Iran on Mexican and Latin American airlines”

Cadena Politica

The strikes reduced Iran's crude export capacity by approximately 1.2 million barrels per day, about 80 percent of prior exports.

Cadena Politica

The Atlantic Council described the campaign as a major shift toward pursuing regime change.

Oil prices surged globally in response to the strikes, with Brent crude jumping above $100 per barrel.

Jet fuel soared, with IATA reporting a 35 percent increase since the conflict began.

Euronews

The threat of adjacent strikes on Iraq's Rumaila oil field contributed to market instability.

Latin American airlines face an extremely vulnerable position because they mostly operate without hedges.

“Carriers like United and SAS are reducing schedules and suspending select routes as costs climb”

Travel + Leisure

Fuel accounts for between 30 and 35 percent of operating costs in Latin America.

Carriers are forced to pass costs onto passengers, adjust routes, or resort to layoffs.

United Airlines, Air New Zealand, and SAS have cut flights in response to the conflict.

Korean Air will enter emergency management mode starting April 1.

Euronews

Airlines face an existential challenge balancing fare cuts with skyrocketing costs.