Petrobras Raises Jet Fuel 18% as WLDOIL Stabilizes Near $102/bbl After Iran Surge

State-run Petrobras increased aviation kerosene prices 18% on May 1, 2026, to secure supply amid WLDOIL's stabilization near $102/bbl following Iran war peaks. The crisis began March 3 with U.S.-Iran tensions driving Brent to $84.32/bbl, escalating via Strait of Hormuz ship attacks on March 11 and energy strikes, overriding IEA's record 400 million barrel release. Brent hit intraday $119.44, closing $103.14 on March 13; U.S. gasoline reached $3.98/gal (CA $5.83), diesel $4.99/gal (+37% MoM), sugar +2.06%, prompting airline surcharges before calming.