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The Independent UK
The Independent UK
Simon Calder

Will a spike in oil price mean I pay more for my flight or holiday?

Four days after the conflict between Israel and Iran began, oil prices are rising. The price of the benchmark barrel of Brent crude is approaching $75, compared with just $62 at the start of May.

Oil powers the vast majority of the transport industry – from aviation to cruise ships – and fuel comprises one of the biggest costs for operators. So what could the surge in the oil price mean for travellers? These are the key questions and answers.

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