May 13, 2026
International Business Times UK (IBT)
CUNY SPS Online Business programs faculty member Dr. Merians Penaloza is quoted repeatedly in this International Business Times UK (IBT) article. The IBT report examines how the US conflict in Iran affects international oil prices, which in turn impacts the cost of air travel. Dr. Penaloza points out that oil prices are actually worse in Europe than in the US. "The issue for Europe is that its reliance on OPEC is stronger than the US's. They're having a harder time managing pricing and flight capacity," notes Dr. Penaloza.