Concerns are rising regarding jet fuel shortages, fueled partly by the closure of the Strait of Hormuz. Lufthansa has announced the cancellation of 20,000 flights, and industry experts predict further cuts and price increases.

The impact of jet fuel shortages because of the closure of the Strait of Hormuz is starting to burn. Lufthansa has canceled 20,000 flights and experts warn more cancellations and price hikes are on the way.