BusinessEuropeIran war: Jet fuel crisis deepens as Lufthansa cuts flightsArthur SullivanThe impact of jet fuel shortages because of the closure of the Strait of Hormuz is starting to burn. Lufthansa has canceled 20,000 flights and experts warn more cancellations and price hikes are on the way. http»»»

The Iran war is having a profound effect on the global aviation sector, with jet fuel shortages and surging prices wreaking havoc on flight routes. On Tuesday, April 21, Germany's largest carrier Lufthansa announced it had canceled 20,000 flights between May and October to try and save fuel. The ai»»»