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Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply
Europe Faces Summer Jet Fuel Crisis As Iran War Slashes Supply
Authored by Tsvetana Paraskova via OilPrice.com,
Europe faces an imminent jet fuel crisis as the Iran war and Hormuz disruption cut off key Middle Eastern supplies.
Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia.
Airlines are already cutting capacity and warning of higher fares, with potential flight cancellations looming as fuel shortages intensify.
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed...
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Rep. Steve Cohen (D-Tenn.) speaks at a hearing on oversight of the Federal Trade Commission in Washington on July 13, 2023. Madalina Vasiliu/The Epoch Times
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