Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe
Oil executives have warned that the supply disruption in the Middle East will soon cause actual fuel shortages in some parts of the world.
AI Summary
Iran's blockade of the Strait of Hormuz has disrupted global jet fuel supplies, with exports from the Persian Gulf—previously the world's largest source—now cut off following U.S. and Israeli attacks on Iran in late February. Europe is particularly vulnerable as it imported about 20% of its jet fuel from the Middle East, and Asian refineries that supply alternative sources are struggling due to lost crude oil feedstocks from the Gulf. Global jet fuel exports have plunged 30% in April compared to last year, with industry experts warning of potential summer travel disruptions across Asia and Europe if the strait does not reopen.