By Mackenzie Tatananni
Airline and cruise line stocks tumbled Friday after Israel launched a barrage of attacks against Iran's nuclear and missile facilities, sending oil prices higher and leading to fears of a spike in fuel prices for planes and cruise ships.
United Airlines Holdings and Delta Air Lines slid 4.8% and 3.9%, respectively. Shares of major cruise lines also were falling. Carnival was down 4.7%, Royal Caribbean declined 3.5%, and Norwegian Cruise Line Holdings fell 3.4%.
Iran is one of the world's largest oil producers, but the development also sparked concerns about ramping tensions in the Middle East and the impact on fuel supplies on a global scale. Brent crude rose 8.2% to $75.13, while West Texas Intermediate crude, the U.S. benchmark, climbed 8.6% to $73.89.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
June 13, 2025 07:31 ET (11:31 GMT)
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