# Global jet fuel prices have more than doubled since the Iran war began.

*aerospace · news · 2026-04-18 · Business Insider*

## Key points

- Global jet fuel prices have more than doubled since the Iran war began, nearing $200 per barrel.
- Major US airlines have already increased checked bag fees to offset higher jet fuel costs.
- Many US points and miles programs allow free cancellation with a full refund of points.
- Large credit card sign-up bonuses of up to 100,000 points are currently available to new applicants.
- Points and miles lose value over time, so experts advise redeeming them sooner rather than later.

**Companies:** American Airlines, Delta Air Lines, Southwest Airlines, JetBlue Airways, United Airlines
**Countries:** United States, Canada, Iran

[Read the full story on Business Insider](https://www.businessinsider.com/airline-points-miles-book-flights-vacation-travel-gurus-prices-2026-4)

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