One-fifth of global oil supply passes through the Strait of Hormuz, between Oman and Iran • Commodity exchanges respond to eliminating four percent increase in the price of oil used to produce jet fuel

• Expect prices to rise

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Solimani's liquidation could also lead to an increase in airfares. The commodity exchanges responded to the elimination of a four percent increase in the price of oil used to produce jet fuel and this weekend reached about $ 70 a barrel.

Analysts predict that Iran's revenge threats will continue to rise, as one fifth of global oil supplies pass through the Strait of Hormuz, between Oman and Iran, and this region may now be under threat from an Iranian revenge attack. The United States has sent another aircraft carrier to the area, but the fear effect is already causing airlines to announce a near rise in prices. The fuel component for the flight price is between 22 and 30 percent, so high-tech may be appropriate.

Companies that have not hedged the price will have to pay the high prices and also raise ticket and baggage prices. However, the price set at the weekend, $ 69.50, is still far from the record high for the April 2019 oil price, which reached $ 75 a barrel.

Already on Friday, the share prices of public airlines in the world fell. American Airlines' stock fell 2.69 percent, Delta's 2.54 percent and United's 2.6 percent. SpaceJet fell 4.4 percent and InterGlobe, Indigo's owner, dropped 1.8 percent.

One of the main casualties of rising oil prices is India, which imports 80 percent of its energy needs. According to analysts in India, Air India's fuel expenditures reach about 33 percent of its total expenses and continued increases could jeopardize the company's continued operations. A senior Indian airline official who asked to remain anonymous said that prices above $ 70 a barrel would lead Air Ideia to bankruptcy. "Iran will rise without a shadow of a doubt and oil prices will boil. It's bad for oil-importing countries, especially those with a budget deficit, like India."

Following the decline in the value of the airlines' shares, analysts recommend buying the shares before their prices rise, following the end of the crisis with Iran.