(March 25): Signs are growing that Asian countries are hoarding jet fuel after the Iran war sent oil prices surging, reflecting growing strain on the aviation industry. Philippine Airlines Inc’s president said in an interview that the Southeast Asian nation may soon resort to fuel rationing. In Vietnam, the aviation agency warned of potential jet fuel shortages from early April and is cutting flights as a result. Difficulties securing fuel threaten to aggravate the airline industry’s woes as the Iran war rages on and keeps oil prices high. “The surge in jet fuel prices alongside disruptions to Mideast flight routes appear to have also caused inflationary pressures on air travel,” Citigroup Inc analysts led by Anthony Yuen wrote in a note.

Source: The Edge Markets March 25, 2026 10:01 UTC