Overview
- ACI Europe, which wrote to EU officials on Friday, warned that a systemic jet fuel shortage is likely within three weeks unless traffic through the Strait of Hormuz resumes in a stable way.
- Jet fuel prices in northwest Europe have more than doubled to about $1,573 per tonne on Thursday, according to Argus Media, and suppliers say they cannot guarantee deliveries beyond April.
- Airlines are already adjusting, with Delta cutting capacity by 3.5% and carriers such as Ryanair and easyJet warning of potential disruptions in May and June as costs and supply risks build.
- Early strain is showing on the ground as Vietnam introduced rationing and several Italian airports imposed temporary fuel limits, underscoring how the Hormuz chokepoint has throttled Middle East product flows.
- ACI urged the European Commission to monitor stocks and consider easing import rules, while IATA’s Willie Walsh said supplies would take months to normalize even if the strait reopens.