Airline shares battered, airfares surge as Iran war pushes oil above $100
Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war on Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes. Oil prices jumped 15% to above $105 a barrel, hitting levels not seen since 2022 as some major producers cut supplies and fears of prolonged…

