Europe Faces Jet Fuel Shortage Risk Within Six Weeks Amid Supply Disruptions
The Chronify
The International Energy Agency warns that Europe could face a critical jet fuel shortage by June if Middle Eastern supplies remain disrupted, raising concerns over potential flight cancellations and rising fuel prices.
Europe may have only around six weeks of jet fuel remaining if supply disruptions from the Middle East continue, the head of the International Energy Agency has warned.
In its latest monthly oil market report, the agency said that unless Europe can replace at least half of its jet fuel imports from the Middle East, fuel reserves could fall to critically low levels by June.
The الأزمة stems largely from disruptions in the Strait of Hormuz, a key global transit route for fuel exports from the Persian Gulf. The passage has been effectively restricted for more than six weeks amid escalating tensions involving Iran, significantly impacting global energy flows.
Executive Director Fatih Birol warned that prolonged supply constraints could soon lead to major disruptions in the aviation sector, including possible flight cancellations.
The IEA noted that the Gulf region remains the largest supplier of jet fuel to global markets. Refineries in major exporting countries such as India, China, and South Korea also rely heavily on crude oil imports from the Middle East, further amplifying the impact of the crisis.
As supply tightens, fuel prices have surged, increasing operational costs for airlines and raising concerns about broader disruptions to international travel and trade.
A spokesperson for the United Kingdom government said authorities are working closely with fuel suppliers and airlines to maintain mobility and support businesses during the ongoing uncertainty.
Analysts warn that unless alternative supply routes are secured or tensions ease, the aviation industry could face significant challenges in the coming weeks.
Related News
📚 Categories
You may like