Surging jet fuel and diesel prices have come off the back of the conflict in the Middle East and the blockade of the Strait of Hormuz, which has choked roughly 20 per cent of the global oil supply

European airlines say jet fuel supply is secure for summer 2026, even as the Strait of Hormuz closure sends fuel costs surging by billions.

India’s airlines have asked state-run oil refiners to hold off on hiking jet fuel prices for domestic flights until the conflict in the Middle East ends, people familiar with the…