Repercussions of Strait of Hormuz Crisis Shadow Global Aviation, Inflicting Heavy Losses

Official reports issued by competent authorities in the international civil aviation sector on Thursday, April 23, 2026, indicated an unprecedented surge in jet fuel prices by approximately 70%, following the closure of the Strait of Hormuz. This emergent crisis has resulted in the cancellation of nearly 20,000 scheduled flights, portending dire economic consequences for major air carriers. In this regard, international organizations called for concerted efforts to ensure the security and safety of navigational corridors.