Europe Faces Critical Jet Fuel Shortage With Six Weeks Remaining
The International Energy Agency warns that Europe has only about six weeks of jet fuel supplies remaining, potentially leading to flight cancellations if oil supplies through the Strait of Hormuz remain blocked due to the Iran war. This crisis, described as the largest ever faced, could severely impact the global economy, disproportionately affecting developing countries. Even if the Strait reopens, damage to energy facilities in the Persian Gulf could take up to two years to repair, and the broader geopolitical situation casts a “dark shadow” over global energy security.
John Q. Hosedrinker