Several international airlines announced they're cutting summer flights to save on costs, and that's leaving travelers with fewer flight options. Other domestic carriers are now charging passengers more for checked bags to help offset the cost of rising jet fuel prices.

The United Arab Emirates will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) this week, as the Iran war roils global energy markets.

Analysts have noted that internal disagreements over production quotas and geopolitical issues have challenged OPEC’s unity in recent years.