Jet fuel prices, previously hovering between US$85 per barrel and US$90 per barrel (US$1=RM3.94) before the conflict, have surged above US$100 per barrel in recent days. Across the wider Asia-Pacific region, several airlines have also begun increasing fares as jet fuel costs rise. He noted that jet fuel constitutes a significant portion of airline operating costs, and historical data show that fluctuations in fuel prices can sharply erode profit margins. "This was evident during the 1970s and 1990s when disruptions in jet fuel supply chains contributed to sharp increases in crude oil prices,” he told Bernama. It said Europe is among the most exposed, with 25 per cent to 30 per cent of its jet fuel demand originating from the Persian Gulf.

Source: The Star March 10, 2026 12:50 UTC