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Jet fuel prices fell sharply after a deal to reopen the Strait of Hormuz raised the prospect of resumed Gulf exports, delivering direct relief to airlines that had been absorbing soaring fuel costs.
The agreement unlocks a critical chokepoint for global energy flows, with the aviation sector standing as one of the most immediate beneficiaries.
The Hormuz Deal and What It Means for Supply The Strait of Hormuz is among the most consequential passages in global energy markets — a narrow corridor through which a significant share of the world's petroleum exports must travel.
A closure or threatened closure in that corridor ripples through fuel supply chains within days, and the prospect of its reopening carries the same force in reverse.
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