Oil Prices Have Fallen. So Why Haven’t Airfares?

P.M. Edition for July 7. Airlines raised prices after the Iran war to cover rising fuel costs. Now, fuel prices have fallen, but travelers may find that their ticket price hasn’t. Journal reporter Alison Sider explains. Plus, the Trump administration revokes a waiver that allowed Iran to sell oil after recent attacks in the Strait of Hormuz, threatening to unravel a shaky peace deal. And artificial intelligence companies like OpenAI and Anthropic want businesses to buy their cutting-edge products. Now they’re sweetening the deal with discounts. We hear from WSJ reporter Berber Jin about just how lucrative these credits are for the Silicon Valley startups using them. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices