Morning Update: Trump’s grievances pile up

The cost of air travel is quickly rising, but packing light can help offset some of the expense. The conflict in Iran is a key driver of recent price hikes, with the closure of the Strait of Hormuz sending jet fuel costs soaring, and airlines are looking for ways to ease the pressure. The result has been a wave of route cancellations, surcharges and increased luggage fees. In Canada, WestJet and Air Canada have raised the price of checked bags, both adding $10 to first and second checked bags and $50 to excess, overweight, and oversized bags. So, with airline CEOs suggesting higher...