Flight cancellations are increasing across Asia-Pacific due to shortages and high prices of jet fuel. This vulnerability is heightened by recent U.S. actions controlling oil shipments through the Strait of Hormuz.

Jet fuel shortages and surging prices are forcing flight cancellations across the Asia-Pacific, a squeeze that could intensify after the United States began controlling oil shipments through the Strait of Hormuz following failed peace talks with Iran. Tehran’s effective closure of the strait – a chokepoint for about 20 per cent of global oil supply – is hitting regional airlines, particularly in countries without strategic energy reserves, analysts said. Jet fuel reached nearly US$198 in the...