The Jet Fuel Jitters: How War in the Middle East is Cooling Off Summer Sales The war clouds gathering over the Strait of Hormuz are having an unexpected impact on the travel industry.
Europe's largest tour operator, Tui, has reported a 10% drop in summer bookings from UK customers due to cautious behavior.
Rising jet fuel costs, resulting from the effective closure of the Strait of Hormuz, have sent shockwaves through the industry.