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View: The Largest Energy Crisis in Modern History Is only Beginning

Summary by Semafor
John’s viewSix weeks into the worst energy crisis in modern world history, the case for energy sovereignty is being written in real time — in the price of every barrel of oil, every cargo of liquefied natural gas, and every elevated energy bill arriving for households from Tokyo to Turin. The closure of the Strait of Hormuz has removed more supply from global markets than any single event since petroleum became the lifeblood of the industrial ec…

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Although there have not yet been any problems with supply, European Energy Commissioner Dan Jorgensen warned on Tuesday that the world could face “the most serious energy crisis in history.” According to European sources, the EU executive plans to present on Thursday a package of proposals to guide countries in the best measures to deal with the different scenarios of scarcity, especially kerosene, during the increase in tourism trips that takes…

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According to ACI Europe, the consequences of the Middle East war are plunging regional airports into an existential crisis. Even before the crisis, the sector was suffering from structural changes and was ignored by politicians. Now the association is calling for emergency political measures. The post "Kerosene Crisis Hits Regional Airports Particularly Hard" first appeared on Business Traveller.

The European Commission will be publishing guidelines for airlines on kerosene this week, including the use of jet A kerosene, said Commission spokesman Anna-Kaisa Itkonen on Monday.

The European Commission (EC) has announced that it will be forwarding, over the course of this week, a series of concrete guidelines for EU airlines, in the face of the tense supply situation of kerosene due to the blockade of the Strait of Hormuz, due to the war in the Middle East, while holding coordination meetings with the 27 to take possible steps such as releasing strategic reserves. "This week we will present guidelines for airlines on av…

The European Commission will forward guidelines to EU airlines this week in the face of the tense supply situation of kerosene due to the blockade of the Strait of Hormuz, while holding coordination meetings with the Twenty-Seven to take possible steps such as releasing strategic reserves. "This week we will present guidelines for airlines on aviation fuel (...). We are very active in this and, together with the Member States, we know very well …

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elperiodicodelaenergia.com broke the news on Monday, May 4, 2026.
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