Axios

The Iran war threatens to disrupt summer travel as it sends oil prices surging — and flight and hotel bookings are already dipping, industry experts warn.

The big picture: Rising oil prices and dwindling supplies are hitting travel as drivers face higher gas prices and airlines in the U.S. and elsewhere cut flights and raise ticket costs and baggage fees.

The Saudi sovereign wealth fund on Thursday confirmed it's withdrawing support for LIV Golf after the 2026 season.

Why it matters: The move places the tour's future in jeopardy four years after it was launched as a splashy, well-capitalized competitor to the PGA Tour.