"The European Commission fears Europe could face jet fuel supply issues "in the near future" with no end in sight to the Iran war that's hit global energy markets."
"Around a fifth of the world's jet fuel normally transits through the strategic waterway, which has been blocked by Iran since late February in response to Israeli-American air strikes."
"The conflict has sent jet fuel prices soaring, even more sharply than oil prices, leading airlines to cancel flights to cut costs."
"The airports lobby ACI Europe has warned the commission of a risk of "systemic" jet fuel shortages if maritime traffic is not restored in the Strait of Hormuz by the end of April."
Airlines across Europe are cancelling flights amid a jet fuel crisis exacerbated by the ongoing conflict in Iran. The European Commission has expressed concerns about potential jet fuel supply issues in the near future, despite no current evidence of shortages. ACI Europe has warned of systemic jet fuel shortages if maritime traffic through the Strait of Hormuz is not restored soon. The conflict has led to soaring jet fuel prices, prompting airlines to cut costs and affecting travel plans.
Read at www.thelocal.com
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