Airlines are set to encounter significantly lower fuel costs due to the interim U.S.-Iran peace agreement , but travelers are unlikely to experience immediate financial relief. During the Iran war, the continued disruption to the Strait of Hormuz , a crucial passage through which around a fifth of global oil production flows, upended trade and sparked an energy crisis. The cost of jet fuel surged, peaking at $4.88 per gallon in early April, compared to the $2.50 price the day before the war. As