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Oil Shock Roils Aviation

March 13, 2026

President Donald Trump expected a short, surgical strike against Iran. Quick in. Quick out. Case closed. But reality? Different headlines.

Iran’s new supreme leader vows revenge for “the blood of your martyrs.” The message blasts across state television. The signal to the world: this fight isn’t ending soon.

Meanwhile, the narrow waters of the Strait of Hormuz have turned into a battlefield. Tankers dodging danger. Oil markets on edge.

And crude? Knocking on the door of $100 a barrel.

That’s good news for Vladimir Putin and the Russian treasury. But for the global economy it’s a gut punch. Especially aviation.

Jet fuel costs surge. Airlines raise fares. Travelers think twice about booking. Orders slow for aircraft giants like Boeing, Airbus, and Embraer.

And the turbulence doesn’t stop there.

Inflation rises. The Federal Reserve keeps interest rates high. Borrowing gets expensive for airlines, lessors, and fleet planners.

More risk. Higher costs. Darker skies ahead. Stay tuned.