Overview
- Iran’s closure of the Strait of Hormuz has pushed oil higher and left jet fuel stocks tight, with carriers already cutting flights and warning of further cancellations.
- Berlin says physical supply is secured, has set up a monitoring task force, and has released 50,000 tonnes of jet fuel from reserves to ease strain.
- A two‑month cut of 17 cents per liter at the pump begins May 1, though many economists say it dulls price signals and risks higher consumption.
- The European Commission is drafting steps to share fuel across member states and may create a joint unit to track oil, gas and kerosene flows.
- A study by ZEW and DICE finds Germany’s “12‑o’clock” price rule lifted petrol station margins for super by about six cents per liter, with the biggest gains at smaller operators.