Europe is facing a shortage of jet fuel
Europe Faces Critical Jet Fuel Shortage
Fatih Birol, the executive director of the International Energy Agency, announced on Thursday that Europe could run out of jet fuel within six weeks, making flight cancellations increasingly probable. During an interview with the Associated Press, Birol explained that ongoing conflict in Iran and resulting supply disruptions in the Strait of Hormuz have triggered what he described as an unprecedented energy crisis.
He highlighted that prices for gasoline, diesel, and jet fuel have surged and are expected to keep climbing, especially since a lasting truce between the United States and Iran and the reopening of the strait appear unlikely in the near future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Midterm elections coupled with non-farm payroll data may boost market volatility! Oracle (ORCL.US) leads 17 companies in rushing to issue bonds
Oracle (ORCL.US) leads 17 companies entering the U.S. high-grade bond market, rushing to issue bonds ahead of the U.S. midterm elections.

Behind Marvell (MRVL.US)'s $100 Billion “Whale Swallowing” of Lumentum (LITE.US): The Laser Market is “Extremely Tense”
Marvell Technology (MRVL.US) announced on Monday that it will acquire data center laser manufacturer Lumentum Holdings (LITE.US) in an all-stock deal valued at approximately $115 billion.
Sixth Consecutive Season Exceeds Expectations: Roku (ROKU.US) Revenue Hits $1.5 Billion, Beats Forecasts; $22 Billion Acquisition Remains Unresolved
Roku (ROKU.US) released its Q3 2026 financial results after the U.S. stock market closed on Monday.
