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Spain Urges Early Flight Bookings As Iran War Drives Up Airfares. Tourism Minister Jordi Hereu said current fares still reflect older, cheaper fuel purchases. He warned that as airlines switch to more expensive fuel, ticket prices are likely to increase further. Global oil prices have surged around 50% following US and Israeli strikes on Iran, disrupting supply chains. The increase has already added over $100 to long-haul flights from Europe, according to industry estimates. Spain recorded a record 97 million tourists last year and expects similar growth in 2026. However, rising airfares could weaken travel demand, especially from key international markets. Authorities said Europe is taking steps to avoid fuel shortages, but warned external shocks could still impact tourism.
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