US-Iran War: Qantas, Lufthansa, Virgin Atlantic Cut Routes, Raise Fares As Jet Fuel Prices Double by NDTV Profits | April 15, 2026 12:10 am | Latest Posts, Market, Trending News This comes after Global aviation body International Air Transport Association (IATA) warned that jet fuel supply constraints could persist for months even if Iran reopens the Strait of Hormuz.