STRAIT OF HORMUZ

Editorial illustration of a couple standing on a dark airport tarmac with two orange roller suitcases, watching from a distance as a fiery orange and yellow explosion cloud rises into the blue sky beyond, with a small white airplane visible on the horizon, illustrating the uncertainty of booking summer vacation travel during an active geopolitical conflict in the Middle East

Is it safe to book a summer vacation yet?

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The U.S. and Iran are reportedly close to a deal that would end the war, lift sanctions, release frozen Iranian funds, and reopen the Strait of Hormuz. Travel companies say the worst is priced in. Airbnb expects second-quarter bookings to drop one percentage point across Europe, the Middle East, Africa, and Asia Pacific. Booking Holdings cut its full-year revenue forecast through June. Iranian lawmakers called the U.S. proposal a wish list. Before booking, check State Department advisories at Level 3 or Level 4, examine flight routes for airspace closures, buy cancel-for-any-reason insurance, and pay only with a credit card.