Could protracted Hormuz crisis end the era of cheap long-haul air travel?

LONDON: The crisis in the Strait of Hormuz has turned something as mundane as jet fuel into aviation’s biggest strategic vulnerability, sending costs soaring, scrambling flight plans and raising uncomfortable questions about whether the era of cheap, plentiful long-haul travel is over. What began as a limited military strike on Iran has morphed into a global supply shock rippling through airlines’ balance sheets, airport fuel tanks and holidaymakers’ plans from London to Lagos to Lahore. At the heart of the turmoil is a simple geography lesson.

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