EU Faces Major Aviation Fuel Crisis as Strait of Hormuz Closure Threatens Summer Holiday Season

EU airport association ACI Europe warned Commissioner Apostolos Tzitzikostas of an imminent jet fuel shortage within three weeks.The supply crisis stems from the closure of the Strait of Hormuz during the ongoing conflict involving the US, Israel, and Iran.Global aviation fuel prices have more than doubled to 1,650 dollars per ton, forcing carriers like Delta and SAS to cut capacity.Airline industry leaders warn that even a swift reopening of the shipping route will not immediately resolve the physical supply gap.
Published:2h
Tags
Read more
Discuss