Global Oil Shortage Threatens Summer Travel as Airlines Face Jet Fuel Crisis
Airlines are warning of potential disruptions to summer travel due to a global oil shortage caused by the war in Iran and the blockade of the Strait of Hormuz. The Airports Council International Europe has alerted that the shortage could impact flight operations within weeks, with some international airlines already canceling flights. U.S. carriers, including United Airlines, may also reduce schedules if fuel prices remain high and supplies are not replenished. The situation is exacerbated by the closure of the Strait of Hormuz, which has cut off about 20% of the global oil supply, leading to increased fuel costs and potential fare hikes. 
