Europe's Jet Fuel Crisis: Six Weeks Left

The International Energy Agency warned that Europe could run out of jet fuel within six weeks due to the Strait of Hormuz blockade disrupting Middle Eastern supplies, which typically account for 75% of Europe's jet fuel imports. Flight cancellations are expected "soon" if oil supplies remain restricted by the ongoing Iran war. The EU is drafting plans to tackle the supply crunch and maximize refinery output, while airlines face mounting fuel costs and operational uncertainty ahead of peak summer travel season