Jet Fuel Shortage Summer 2026: Flights Canceled, Fares Rising — Chevron CEO Says It Gets Worse

# Jet Fuel Shortage Summer 2026: Flights Canceled, Fares Rising — Chevron CEO Says It Gets Worse

> **Quick answer:** The Strait of Hormuz disruption has caused jet fuel prices to double since the Iran war began on February 28. Chevron CEO Mike Wirth told CBS Face the Nation that aviation is "going to get worse over the next few weeks." United CEO Scott Kirby confirmed prices "have more than doubled in the last three weeks." More than 150,000 international flights have been cut worldwide. Full schedule restoration is not expected before fall 2026 at the earliest.

The jet fuel shortage summer 2026 is no longer a forecast — it is a live disruption reshaping the peak travel season in real time. Airlines are canceling routes, adding fuel surcharges, and cutting schedules, while the CEO of one of America's largest oil companies says the situation has further to run. If you have a summer flight booked or are considering booking one, the data you need is below.

> **This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.**

## What Chevron CEO Mike Wirth Said on Face the Nation

On CBS Face the Nation, Chevron CEO Mike Wirth delivered an unusually candid warning about the aviation sector's near-term trajectory. "Aviation is clearly an area where it's going to probably get worse over the next few weeks," Wirth said. He added that "fares could be higher" and that "flights may not be as abundant as they otherwise would have been."