3 major airlines cancel flights and hike fares as fuel costs rise - are you affected?

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A wave of uncertainty has hit the airline industry as oil and jet fuel prices soar, leaving travelers around the world with higher fares and fewer flight options, the Associated Press reported Friday. The market uncertainty is being driven by the Middle East war that began on Feb. 28 with a U.S.-Israeli attack on Iran that resulted in Tehran blocking the vital Strait of Hormuz.