Refinitiv market analysts say oil fell after a temporary US‑Iran peace
agreement, creating scope for airlines to save tens of billions on jet fuel
while passengers are unlikely to see immediate relief as tight capacity lets
carriers keep fares well above pre‑war levels. In the US, ticket-price gains
have labeled fuel-cost increases and domestic seat growth remains limited,
leaving carriers room to use lower fuel costs to rebuild margins rather than
reverse recent fare hikes. Spot jet fuel was $2.85/gal on June 17, down from an
April peak of $4.88/gal; if sustained, that decline would cut annual US industry
fuel bills by more than $40 billion.
