"WTI crude hit a 12-month high of $97.31 on March 13, before pulling back to $92.46 as of March 16. That is a 46% surge in a single month, putting oil within striking distance of the widely watched $100-a-barrel threshold, a level that has historically squeezed cruise operators hard."
"In 2022, total fuel expenses for cruises doubled, and we're about to see significantly more disruption in oil than we had in 2022."
"A post titled 'The Cruise Industry is going to get BURIED by the conflict in the Middle East 10k Puts' accumulated over 800 upvotes with a 96% upvote ratio in under 24 hours, driving RCL's Reddit sentiment score to 8 out of 100, very bearish."
Royal Caribbean Group is experiencing strong booking momentum for 2026, with two-thirds of capacity already booked at record rates. However, rising oil prices, nearing $100 a barrel, pose a significant risk. The company has committed to $5 billion in capital expenditures this year, and shares have declined 15% recently. Despite a strong net income of $4.27 billion in 2025, concerns about fuel costs are growing, especially following a bearish sentiment on Reddit regarding the cruise industry amid geopolitical tensions.
Read at 24/7 Wall St.
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