Published by Global Banking & Finance Review®
Posted on March 10, 2026
1 min readLast updated: April 1, 2026
Add as preferred source on GoogleSAS has introduced a temporary fare increase due to a sharp rise in jet fuel costs triggered by the Iran war and closure of the Strait of Hormuz, as oil prices briefly surged nearly 29% to over $100 per barrel before easing.
COPENHAGEN, March 10 (Reuters) - Scandinavian airline SAS said on Tuesday it had temporarily increased prices due to rising jet fuel costs as the Iran war and the closing of the Strait of Hormuz drove up oil prices.
The price of crude surged as much as 29% on Monday to their highest since mid-2022 but have since declined.
A SAS spokesperson said the company had introduced a temporary price adjustment due to the unusually rapid and significant increase in jet fuel costs.
"Although we always try to absorb cost fluctuations where possible, increases of this magnitude make it necessary to respond in order to maintain stable and reliable operations," he added.
(Reporting by Stine Jacobsen, writing by Louise Rasmussen, editing by Terje Solsvik)
SAS temporarily raised ticket prices due to sharply rising jet fuel costs driven by the Iran war and closure of the Strait of Hormuz.
Oil prices surged as much as 29% on Monday, reaching their highest level since mid-2022.
No, SAS stated the price hike is a temporary adjustment due to the unusually rapid increase in jet fuel costs.
SAS cited the Iran war and the closing of the Strait of Hormuz as key factors driving up oil and jet fuel prices.
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