Aviation fuel prices are returning to $200 per barrel levels and the global crude shipping industry continued to affected due to the conflict in the Middle East.
According to the Jet Fuel Price Monitor, the global average aviation fuel price rose 6% from the previous week to $181.46/bbl for the week ending September 11, 2026. The previous week ended at $171.01/bbl.
that dropped in June and July following the announcement of interim peace deal between Iran and the United States are scaling back to the post February 28, 2026 levels, when it nearly touched $200 per barrel.
The aviation fuel prices for the week ending August 28 was $156.86/bbl, $163.87/bbl for the week ending August 21, $158.9/bbl for the week ending August 14, and $146.93/bbl for the week ending August 7.
The Aviation fuel price is the lowest in the Middle East at $164.72 and the highest in Europe at $192.38.
The aviation fuel prices dropped 4.3% in the week ending August 28 from the previous week and dropped 7.5% in the week ending August 7.
Amid these market shifts, the Sultanate of Oman recorded a 12.2% surge in aviation fuel production and a 27.4% increase in exports during the first six months of 2026.
On a year-to-year basis, jet fuel prices have surged by 90% since 2025. The sharpest regional price increases occurred in Europe and the CIS (97.8%), followed by the Middle East (84.5%), Africa (100.9%), Asia and Oceania (81.9%), and North America (88.9%).
Middle Eastern carriers saw a 9.5% year-on-year decrease in demand. Capacity fell 5.8% and the load factor was 80.9%.
According to the International Air Travel Association (IATA), "Fuel is the largest operating expense for airlines. Aviation fuel costs more than crude oil, and the difference between the two is called the jet fuel crack spread. Given the historically strong correlation between jet fuel and crude oil prices, airlines have been able to manage fuel price exposure primarily through crude oil market risks."
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