American Airlines Group shares fell 2.56% to $13.29 on Monday as escalating U.S.-Iran strikes pushed crude oil more than 3% above $86 per barrel. The stock declined faster than the Nasdaq, S&P 500 and Industrials sector after American recently downgraded its capacity guidance and saw a merger proposal rejected, leaving it to pursue its turnaround independently. Airlines for America CEO Chris Sununu said carriers are absorbing much of the fuel-cost increase rather than passing it fully to customers. American’s second-quarter fuel expense rose 83.3% to $4.88 billion, while July airline fares increased 25.5% year over year. Technically, AAL traded below its 20-day and 50-day SMA (simple moving average), but remained only 4.3% below its 200-day SMA; the 50-day SMA was still above the 200-day SMA after a June golden cross.