Europe Faces Jet Fuel Shortage Amid Iran Conflict, Warns International Energy Agency
The International Energy Agency (IEA) has warned that Europe could run out of jet fuel in approximately six weeks if the current blockade of the Strait of Hormuz continues. This blockade, a result of the ongoing conflict involving Iran, has severely disrupted the flow of oil and gas supplies. IEA Executive Director Fatih Birol described the situation as the largest energy crisis on record, with potential flight cancellations looming if the blockade is not lifted. The crisis has already led to increased energy prices, affecting gasoline, gas, and electricity costs. The economic impact is expected to be uneven, with developing countries in Asia, Africa, and Latin America facing the most severe consequences. The conflict has also caused significant damage to energy facilities in the Persian Gulf, complicating recovery efforts. 
