Delta Air Lines shares climbed 2.78% to $85.06 on Friday afternoon as a diplomatic proposal from Iran’s Foreign Minister helped push global crude oil and jet fuel spot prices lower. The proposal calls for reopening the Strait of Hormuz and resuming nuclear negotiations with the U.S., easing geopolitical risk premiums that had lifted energy futures earlier in the week. Falling West Texas Intermediate (a U.S. crude benchmark) and Brent futures offered commercial airlines relief on expected fuel costs. Jet fuel is the sector’s second-largest operating expense after labor, making lower prices a direct potential boost to earnings ahead of the fourth-quarter holiday travel season. The energy backdrop may also offset investor concerns over domestic capacity oversupply and margin compression, particularly on premium and international long-haul routes. Benzinga Pro data showed Delta shares at $85.06 at publication. A related item cited CrowdStrike stock falling amid Akamai’s $11.6 billion deal, with the article image credited to Shutterstock.