Latest news and articles about fuel expenses from NEX English
In March, US airlines reported a significant increase of 56% in fuel expenses, reaching $5.64 billion. This surge is attributed to oil shortages stemming from escalating tensions over Iran and the blockade of the Strait of Hormuz.
European media reports indicate that EU member states have seen a significant increase in fuel import expenses, totaling <strong>€13 billion</strong> since the onset of the US-Israeli military operation against Iran. This surge reflects the ongoing conflict's repercussions in the region.