Critical Shortage Of Jet Fuel: EU Airlines Have Just 6 Weeks Supply Left [zero hedge]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: zero hedge
Critical Shortage Of Jet Fuel: EU Airlines Have Just 6 Weeks Supply Left Via Remix News, The European market is facing a critical shortage of kerosene, with only six weeks of supply remaining, and the war in Iran is threatening the continent with a major aviation crisis. Since the war broke out, jet fuel prices have jumped 70 percent, threatening the financial health of European airlines. The International Energy Agency (IEA) has warned that this scarcity may soon lead to widespread flight cancellations across Europe. To combat the dwindling supply, the EU is reportedly developing an emergency plan to maximize refinery output and stabilize fuel distribution. Fatih Birol, the director of the IEA, stated that these disruptions are a direct consequence of the ongoing blockade in the Strait of Hormuz. He emphasized the gravity of the situation, warning: “The longer the blockade lasts, the worse it will be for world economic growth and inflation.” The crisis is expected to move from logist
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