Citing a letter from the International Airports Council of Europe (ACI Europe) to European Commission officials, this media outlet reported that the group warned the bloc of reducing jet fuel reserves across the sector, reports Anadolu Agency. The letter says Europe's airports could face "systemic shortages" jet fuel if trade through the Strait of Hormuz does not return to normal within three weeks.
After the outbreak war between the USA, Israel and Iran On February 28, disruptions to maritime traffic through the strait seriously affected the supply of about 15 million barrels of crude oil per day and five million barrels of refined petroleum products per day passing through the choke point.
According to data from the International Air Transport Association (IATA), the global jet fuel index rose 110 percent, from $99,4 a barrel on February 27 to $209 on April 3.
Peppery
The price of jet fuel (CIF) in Northwest Europe also rose to $216,9 per barrel. According to data collected by Anadolu from S&P Global Commodity Insights, the Middle East supplies about 177.000 barrels of jet fuel per day to northwest Europe, 31.000 barrels to southern Europe and the eastern Mediterranean, 100.000 barrels to Africa and 17.000 barrels to Asia.
Another 34.000 barrels of jet fuel from the region pass through the Suez Canal into the Red Sea, most destined for Egypt.
Regions like Europe, which rely heavily on jet fuel supplies from the Gulf, remain among the most vulnerable to any prolonged disruption.
As supply cuts deepen, some airports in Italy have already imposed restrictions on jet fuel, while several airlines have warned that summer operations across Europe could be at risk if the war continues.
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