The cease-fire agreement between the U.S. and Iran triggered a relief rally in shares of travel and retail giants Wednesday, on hopes that a break from surging fuel prices would help businesses manage costs and calm anxious consumers.

Gas prices in the U.S. topped $3 a gallon on Monday following the U.S. strikes in Iran, Reuters reported, citing an analyst at GasBuddy and noting average retail gas prices were as low as $2.85 a gallon last month. Stocks for U.S. travel companies slid Monday morning, with Dow Jones indices for U.S. airlines and hotels both down around 2%.

Officials from the U.S. Department of State have upgraded travel advisories to three nations following escalating tension with Iran. Kuwait, Bahrain and Qatar were all upgraded to Level 3 over the weekend which indicates that Americans should “reconsider travel.”

A month ago, as the Iran war began, travel experts were saying to book your summer flights immediately. Many people waited. Prices have only increased since.

Since the U.S. and Israel struck Iran in February, travel updates have warned of the risks of visiting the Middle East.

DAKAR, April 4 (Reuters) - Senegal's government has suspended all non-essential foreign travel by ministers and top officials, warning of "extremely difficult" times ahead as the U.S.-Israeli conflict with Iran drives global oil prices higher,

Airlines across the world have announced they are considering canceling flights and reducing routes as the oil crisis continues

The Israeli military said people in Iran should avoid trains until 9 p.m. Tuesday local time. Riding trains or being near railways “puts your life at risk,” the Israeli military said in a Farsi-language post on X.