Airline worries as oil beings to ratchet up

With Iran threatening to “close the straits of Hormuz” if it’s shipping is harassed and the US geared-up to both block Iran oil exports and repeat the 1980s escort and cover mission for other vessels, we are in for a turbulent time for oil prices and by association Jet A1 fuel prices. It makes one wonder if fuel hedging is becoming essential once again for all major airlines? Indeed, many had suggested on Friday that the Iranian factor was priced into fuel, in actual fact lack of Iranian supply has been priced into futures but not any further actions that