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Airports are canceling flights right now due fuel shortages and fears they will worsen. Airlines are including those in the US are already raising bag fees and other costs trying to pass along the doubling in jet fuel prices to passengers. Meanwhile, the international energy agency’s chief says the current oil crisis is worse than 1973, 1979, and 2022 combined. The thing is, that sounds crazy but sadly it’s not and we’re just now seeing the preliminary effects of Hormuz at the forefront in air travel. Eurodollar University's Money & Macro Analysis If you’re serious about your financial education and want clarity in a world of volatility and massive uncertainty, you’re in the right place. Mainstream education has left so many massive gaps on the most foundational concepts, making sense of everything is practically impossible otherwise. With our memberships, we’ll fill in everything that you’ve been missing. And coming soon EDU 2.0, an update on Eurodollar University with new designed course material more structured content, including both a browser and smartphone app. Check it out here: https://eurodollar.university/memberships World losing more barrels of oil each day than in two 1970s crises combined, IEA chief says – video https://www.theguardian.com/world/video/2026/mar/23/world-losing-more-barrels-of-oil-each-day-than-in-two-1970s-crises-combined-iea-chief-says-video IEA chief: current oil and gas crisis worse than 1973, 1979, 2022 together https://www.reuters.com/business/energy/iea-chief-current-oil-gas-crisis-worse-than-1973-1979-2002-together-2026-04-07/ Korean travelers left stranded as Mideast turmoil pushes airlines to slash routes https://www.koreaherald.com/article/10711811 Jet fuel supply concerns grow as war with Iran drags on, airlines cut flights https://www.cnbc.com/2026/04/07/iran-war-jet-fuel-airlines.html Italy Sets Jet Fuel Limits at Some Airports on Supply Gap https://www.bloomberg.com/news/articles/2026-04-05/italy-sets-jet-fuel-limits-at-some-airports-on-supply-shortage Delta Increases Checked Bag Charges by Up to $50 After Fuel Costs Rise https://www.bloomberg.com/news/articles/2026-04-07/delta-air-will-boost-fees-on-baggage-amid-surging-oil-prices United Airlines hikes checked bag fee by $10 as fuel prices continue to climb https://www.cnbc.com/2026/04/02/united-airlines-raises-checked-bag-fees-fuel-prices-climb.html Jet Fuel Spot Prices Over 60 Days https://www.airlines.org/dataset/argus-us-jet-fuel-index/ Iran War Fallout: Airlines Slash Thousands Of Flights Amid Global Fuel Shortages https://simpleflying.com/iran-war-airline-flight-cancellations-fuel-shortage/ FRBNY SCE https://www.newyorkfed.org/microeconomics/sce#/ https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |