Overview
- Sweden’s government warned of a possible shortage of aviation fuel, with Energy Minister Ebba Busch basing the alert on the Swedish Energy Agency’s analysis.
- Officials said Sweden has not seen delivery disruptions so far, though they described the jet fuel market as no longer normal.
- The Energy Agency reported sharp price swings that can prompt airlines to cancel flights for cost reasons.
- Roughly one fifth of the European Union’s jet fuel typically passes through the Strait of Hormuz, a key waterway now constrained by the Middle East war.
- Busch said even a rapid peace deal would not restore oil and gas supplies right away, which means tight supply and higher prices could persist.