Why airfares may not fall after the US-Iran deal

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The US-Iran war caused jet fuel prices to nearly double, forcing airlines to operate fewer flights and raise fares.

The US-Iran war caused jet fuel prices to nearly double, forcing airlines to operate fewer flights and raise fares.

PHOTO: REUTERS

Niraj Chokshi

NEW YORK - The preliminary US-Iran deal could lower fuel prices, but do not expect cheaper flights anytime soon.

The conflict caused jet fuel prices to nearly double, forcing airlines to operate fewer flights and raise fares.

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