Jet fuel is following diesel’s price jump as the Hormuz supply shock hits the skies Nasdaq closes at fresh record high, while Dow retreats and S&P 500 ends flat Jet fuel is following diesel’s price jump as the Hormuz supply shock hits the skies Squeezed refineries are struggling to supply a world hungry for both diesel and jet fuel Jet-fuel prices have resurfaced as a major concern for U.S. airlines. Jet-fuel prices are hovering near their highest levels since the U.S.-Iran war began, threatening to become the latest fuel supply shock to result from the stalemate at the Strait of Hormuz and reviving worries about costs for airlines and travelers. A broader fuel crisis due to the war and new sources of strife have roiled global markets and sent fuel prices soaring, inflicting economic pain on American consumers.
Most of the attention lately has been on diesel prices, which in the U.S. have climbed well past $6 a gallon on average. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Nearly half of adults under 30 live with their parents.
The financial fallout could last for decades. I should be grateful, but I can’t stand her anymore. She was ready to buy her dream home — but discovered the condo HOA had just 1% in cash reserves Trump endorses diesel export ban.
A decision is coming ‘fast, one way or the other.’ Claudia Assis is a San Francisco–based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW. Intraday Data provided by FACTSET and subject to terms of use.
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