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A surge in jet fuel prices—driven by disruption linked to the Iran conflict and the shutdown of the Strait of Hormuz—has pushed costs from US$742 to over US$1,710 per metric tonne, triggering widespread airline disruption and raising the risk of supply shortages.
IndiGo has confirmed the appointment of Willie Walsh as its new CEO, with him set to join in early August after stepping down from IATA at the end of July.