Royal Caribbean, opens new tab said on Thursday bookings ‌for its luxury Mediterranean cruises have bounced back after about a month of disruption from the Iran war, sending its shares surging as much as 10.8%.

Reuters – Bookings are currently running at a higher pace than last year, ​the company said, even as rising fuel costs linked to the Middle East conflict prompted ​the cruise operator to cut its annual profit forecast.

Cruise operators, heavily dependent ⁠on fuel oil and marine gas oil, are navigating a tougher environment as stalled U.S.-Iran negotiations raise ​concerns about prolonged disruptions to the Middle Eastern supply, driving up oil prices.

But Royal Caribbean CEO ​Jason Liberty said on an earnings call that "travel remains a top priority, ranking as the number one leisure category where consumers intend to spend more."