The resurgence of conflict has disrupted the recent U.S.-Iran détente, leading to a nearly 30% spike in jet fuel spot prices in July. While the U.S. market is not experiencing supply shortages akin to Europe, conditions have tightened since March, adversely affecting airlines’ financial projections. Observers are advised to monitor Middle Eastern developments and OPEC’s production decisions, as these factors could further influence oil and jet fuel prices.