The European Commission said that if the Strait of Hormuz is closed past May, a bloc-wide response may be necessary to address shrinking stockpiles.
May 6, 2026 at 5:00 a.m. EDTJust now
The view from Terminal 3 at Frankfurt Airport, where Lufthansa is cutting flights. (Kirill Kudryavtsev/AFP/Getty Images)
Your flights are booked, the hotel reserved and the guidebook open for that summer getaway. Maybe it’s to the beaches of Sicily for a “White Lotus”-inspired fantasy or hiking in the Swiss Alps.
You know that the Iran war has pushed oil, and jet fuel, prices up, but with everything already booked, you’re comfortable with a laissez-faire attitude about the situation. You beat sky-high airfares; what else is there to worry about?
