International Energy Agency Warns of Potential Flight Cancellations Due to Jet Fuel Shortages
The International Energy Agency (IEA) has issued a warning regarding the potential cancellation of flights in Europe due to a significant shortage of jet fuel. This shortage is primarily attributed to geopolitical tensions affecting oil supplies from the Middle East, particularly through the Strait of Hormuz. The IEA's Executive Director, Fatih Birol, highlighted that Europe may have only six weeks of jet fuel left if the current situation persists. The closure of the Strait of Hormuz, a critical passage for nearly 20% of the world's oil supplies, has been described as the largest energy crisis faced by the region. European aviation is particularly vulnerable, with 75% of its jet fuel imports coming from the Middle East. Airlines may soon have to ration fuel, prioritizing high-demand and long-haul routes, while regional services face suspension risks. 
