Turbojet fuel price surges 116.5% after Strait of Hormuz closure, squeezing Mexican airlines

Turbojet fuel prices in Mexico have jumped 116.5% to $194.90 per barrel following the closure of the Strait of Hormuz, a critical chokepoint for global oil shipments. The spike directly pressures Mexican airlines' operating costs, potentially leading to higher fares or reduced capacity. The closure's duration and impact on global supply chains remain uncertain, but the magnitude of the price move signals a significant supply disruption.