Europe Faces Jet Fuel Supply Crisis Due to Iran War and Refinery Closures
Europe is facing a potential jet fuel supply crisis this summer due to the war in Iran, which has disrupted imports from the Middle East and increased reliance on limited domestic and U.S. supplies. Jet fuel prices have spiked to over $200 per barrel, and the closure of refineries over the past two decades has exacerbated the vulnerability. The situation is further complicated by competition from Asia for remaining U.S. supplies.
Topics: energy supply Europe Iran war jet fuel crisis Middle East refinery closures