Europe Munition: Jet-Fuel Squeeze Grows as Iran War Disrupts Flows
TL;DR Summary
European jet-fuel imports are seen dropping to about 420,000 barrels per day this week, a roughly 40% fall from last week as Middle East flows slow due to the Iran conflict and Strait of Hormuz disruption, raising the risk of a supply crunch ahead of the peak travel season; while alternative sources exist, they’re unlikely to fully offset the shortfall, prompting airlines to consider backup fuelling plans and potential route adjustments or cancellations if shortages worsen.
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- Oil giants raise the alarm over energy shortages as Iran war drags on CNBC
- Europe could face fuel shortage by April as Iran throttles supplies, says Shell boss The Guardian
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