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Hormuz Crisis Exposed Fragility of How the World Keeps Planes Flying

EU Energy Commissioner Dan Jorgensen warned that commercial jet fuel supplies may worsen this summer despite improved traffic through the Strait of Hormuz since mid-June.
Traffic through the Strait of Hormuz has steadily increased following a US-Iran preliminary deal, but energy markets require months or years to recover.
EU nations might release jet fuel reserves to avoid shortages during the peak summer travel season amidst supply concerns and regional infrastructure damage.
An analysis identified 11 markets most vulnerable to jet fuel supply disruptions based on import dependency, reserve coverage, and demand size for the upcoming travel season.

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Hormuz Crisis Exposed Fragility of How the World Keeps Planes Flying

The closure of the Strait of Hormuz raised questions about the resilience of jet fuel supplies, so Bloomberg crunched the numbers to look at where the vulnerabilities lie.

3 days ago·New York, United States

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The Local - Fr

+9 Reposted by 9 other sources

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EU worries jet fuel supply situation to worsen

Commercial supplies of jet fuel may worsen this summer despite the improving situation in the Strait of Hormuz, EU Energy Commissioner Dan Jorgensen said Friday.

3 days ago·France

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