An Iran peace deal won't lower airfares anytime soon, analysts say

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AI Fusion Summary

The peace deal between the U.S. and Iran is fundamentally an oil deal. Despite this agreement, analysts suggest that airfares will not decrease in the immediate future. This stability in pricing is attributed to a tight supply of seats and strong passenger demand. Consequently, airlines lack the necessary incentive to reduce ticket costs, even if the U.S.-Iran war concludes and global oil prices experience a decline as a result of the deal.
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