Kenton Jarvis, the CEO of easyJet, has hinted at the possibility of reducing flight prices if the Strait of Hormuz reopens, allowing for increased oil shipments. The airline had previously raised fares due to fuel supply issues linked to the ongoing conflict in Iran, which has impacted jet fuel availability across Europe. Jarvis explained that the reopening of this critical waterway would lead to a substantial increase in oil supply, stating, 'When the Strait of Hormuz reopens, there is going to be an awful lot of supplies that will start shipping out of there.' He assured passengers that any decrease in fuel costs would eventually translate into lower fares, reinforcing easyJet's mission to provide affordable flying options. Additionally, recent developments indicate that a peace agreement between the US and Iran is in the works, which could further stabilize oil supplies. However, Jarvis also cautioned that last-minute disputes in negotiations could potentially derail the process.