The prolonged disruption to shipping through the Strait of Hormuz has created a global jet fuel crunch, driving up airline costs and forcing carriers to seek alternative supplies.

Iran and Oman have agreed the coordinates of a safe shipping route through the Strait of Hormuz that could finally restart critical fuel shipments.

The prolonged disruption to shipping through the Strait of Hormuz has created a global jet fuel crunch, driving up airline costs and forcing carriers to seek alternative supplies.