EU airline industry warns of fuel shortages if Strait of Hormuz stays closed
BBC • • general
Key Points:
- Europe faces a jet fuel shortage within three weeks if the Strait of Hormuz remains closed, according to Airports Council International (ACI) Europe, raising concerns ahead of the summer tourism season.
- ACI Europe warned that a supply crunch could severely disrupt airport operations and air connectivity, causing significant economic impacts across the continent.
- Jet fuel prices in Europe have surged to a record high of $1,838 per tonne, more than double the pre-war price of $831, intensifying the crisis.
- ACI Europe urged the EU to intervene through collective jet fuel purchasing and temporarily lifting import restrictions, stating that market forces alone cannot resolve the issue.
- The organization also called for increased support for sustainable aviation fuel (SAF) production, anticipating that conventional jet fuel prices will remain elevated in the medium to long term.
