TUI UK and Ireland Managing Director Neil Swanson Gives Update on Jet Fuel Supply

TUI's boss has given an update.

The UK chief of TUI has released a statement about jet fuel availability.

Global tensions have increased oil prices. A deal between the US, Israel, and Iran has not been reached, causing anxiety about petrol and diesel prices.

Holidaymakers are concerned about jet fuel supplies and flight cancellations. Airlines and travel operators have been giving updates.

Neil Swanson, TUI UK and Ireland's managing director, released a statement on Thursday.

TUI is a major holiday provider.

Neil Swanson said customers can look forward to their holiday with confidence.

TUI has good visibility on fuel supplies and no flights are being cancelled due to fuel shortages.

TUI's planning means they can continue offering great value and stable prices with no fuel surcharges.

The price customers see is the price they pay, and all TUI package holidays are protected.

The Strait of Hormuz has been a focus of upward pressure on oil prices. It is a critical supply corridor for the world's oil.

The Strait of Hormuz has been closed since hostilities erupted.

The closure of the Strait of Hormuz has triggered significant consequences for the supply and cost of oil.

The Strait of Hormuz accounts for roughly 20 per cent of global oil traffic, and its closure has had a big impact.

Experts have warned that it could take months for conditions to return to normal after the strait reopens.

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