Iran Conflict Doubles Jet Fuel Prices, Cuts Canadian Flights

0:00It's April 17th. Calgary News Today starts now. AI powered and ready. I'm Cory with the story. The oil shock from the Iran conflict is slamming Canadian air travelers with jet fuel prices doubling and forcing airlines to cancel flights this summer. Air Canada just suspended service for Montreal in Toronto to New York's John F. Kennedy Airport and more cuts are coming as costs skyrocket. Earlier this week, Iran's blockade of the Strait of Hormuz choked off 20% of the world's oil supply, pushing prices to $200. A barrel. The Strait is open now, but only linked to a 10-day Israel-Levenon ceasefire that started Thursday evening. That mess left about 1,600 oil tankers stuck in the Persian Gulf and experts warned Europe's jet fuel stocks might last just 6 weeks. Aviation pros say Canadian carriers could struggle to refuel on return trips from Europe and Asia, sparking widespread cancellations.

1:00International lines like Air France, Lufthansa and United have already pulled flights, while gas analysts predict months before the global supply. Chain stabilizes. In Canada, air transit and WestJet are watching closely but holding steady for now. No transatlantic changes yet. Air Canada admits lower profit routes are getting acts to cope, so if you're booking summer trips across the pond, keep an eye on updates as this fuel. Crunch ripples on.