Iran's Strait of Hormuz Closure Threatens Jet Fuel Shortage in Asia and Europe
The closure of the Strait of Hormuz has led to a significant drop in jet fuel exports, raising concerns of a potential shortage during the summer travel season in Europe and Asia. The International Energy Agency and industry experts warn that import-dependent countries may face critical fuel shortages by mid-2024.
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Topics: global energy markets jet fuel shortage oil exports Strait of Hormuz closure summer travel disruption