Airline passengers walk beneath signage for Norse Atlantic Airways after the airline canceled flights due to rising fuel costs from Los Angeles International Airport (LAX) in Los Angeles, on April 16, 2026. The risk of jet fuel shortages is growing each day the Strait of Hormuz remains closed, although it isn't certain when exactly supplies will run out. The risk of shortages is greatest in Asia, and to a lesser extent Europe, as they both rely on oil from the Gulf and its refineries for their supplies. (Photo by Patrick T. Fallon / AFP via Getty Images)

Airline passengers walk beneath signage for Norse Atlantic Airways after the airline canceled flights due to rising fuel costs from Los Angeles International Airport (LAX) in Los Angeles, on April 16, 2026. The risk of jet fuel shortages is growing each day the Strait of Hormuz remains closed, although it isn't certain when exactly supplies will run out. The risk of shortages is greatest in Asia, and to a lesser extent Europe, as they both rely on oil from the Gulf and its refineries for their supplies. (Photo by Patrick T. Fallon / AFP via Getty Images)

Airline passengers walk beneath signage for Norse Atlantic Airways after the airline canceled flights due to rising fuel costs from Los Angeles International Airport (LAX), in Los Angeles, on April 16, 2026. The risk of jet fuel shortages is growing each day the Strait of Hormuz remains closed, although it isn't certain when exactly supplies will run out. The risk of shortages is greatest in Asia, and to a lesser extent Europe, as they both rely on oil from the Gulf and its refineries for their supplies. (Photo by Patrick T. Fallon / AFP via Getty Images)

WASHINGTON, DC - APRIL 16: Ben Miller (Co- Founder & CEO - Fundrise) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Ben Miller (Co- Founder & CEO - Fundrise) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Leif Abraham (Co-CEO and Co-Founder - Public) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: (L-R) Leif Abraham (Co-CEO and Co-Founder - Public), Ben Miller (Co- Founder & CEO - Fundrise) and Rohan Goswami (Business Reporter - Semafor) speak on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 16: Leif Abraham (Co-CEO and Co-Founder - Public) speaks on stage during Semafor World Economy 2026 on April 16, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)