"Fatih Birol, head of the International Energy Agency, stated that Europe has maybe six weeks or so of jet fuel left, warning of possible flight cancellations soon if oil supplies remain halted by the war."
"The Strait of Hormuz is a vital water passageway through which one-fifth of the world's oil and liquefied natural gas supplies are shipped during peacetime, making the current standoff particularly concerning."
"The crisis has driven a sharp spike in energy prices worldwide, with Brent crude prices rising above $100 per barrel from a pre-war price of $66, impacting global markets."
"European aviation relies heavily on imports from the Middle East, with around 75 percent of its jet fuel coming from the region, making any prolonged disruption especially problematic."
Europe's aviation industry is facing a severe jet fuel shortage as tensions in the Strait of Hormuz escalate. The International Energy Agency warns that Europe may have only six weeks of jet fuel left, risking flight cancellations. The ongoing US-Israel war on Iran has already disrupted air traffic, forcing airlines to cancel and reroute flights. With 75% of Europe's jet fuel imports coming from the Middle East, the situation poses a significant threat to the busy summer travel season, which anticipates 747 million international arrivals in 2024.
Read at www.aljazeera.com
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