Overview
- ACI Europe warned in a letter that if traffic through the Strait of Hormuz does not recover at scale within about three weeks, the EU will face a systemic shortage of jet fuel.
- The Strait of Hormuz is a key route for oil and refined products, and EU officials say roughly 40% of Europe’s diesel and aviation fuel arrives via that corridor.
- The European Commission has called a Brussels meeting to weigh coordinated steps such as mapping fuel availability, lining up alternate imports, and reviewing commercial and strategic reserves.
- International Energy Agency chief Fatih Birol called this the most serious energy crisis in history, and market reports say jet-fuel prices have more than doubled in recent weeks.
- Airlines have begun to adjust, with some carriers canceling flights and others weighing cuts as they brace for tight supplies and higher costs into the busy summer period.