Iranian state-aligned media and the Islamic Revolutionary Guard Corps report that the closure of the Strait of Hormuz has triggered a massive 140% spike in global aviation fuel prices, pushing airlines toward bankruptcy.
The closure of the Strait of Hormuz has triggered a massive shock to the global energy market, pushing the international aviation industry "to the brink of collapse," according to identically worded alerts from Iranian media channels.
The official Telegram channel of the Islamic Revolutionary Guard Corps, IRGC News Channel, which reflects the hardline military perspective of the Iranian state, reports that the crisis in "the world's vital energy artery" has caused global aviation fuel prices to experience a 140% jump.
The state-aligned regional outlet Khorasan Online published the exact same statement, warning that this extreme price shock brings with it a "dramatic increase" in airplane ticket prices and "serious concerns about the bankruptcy of airlines."
The disruption of the Strait of Hormuz follows a massive regional escalation earlier this week, which saw widespread US and Israeli airstrikes on Iranian infrastructure and subsequent Iranian retaliatory attacks on Middle Eastern targets, including UAE oil and aviation facilities.
Both the IRGC and Khorasan Online broadcast the exact same text, indicating a coordinated domestic messaging strategy regarding the economic fallout of the Strait's closure.