DHL CEO Warns About Oil Shortfall and Rising Fuel Costs
DHL Group reaffirmed its full-year guidance despite concerns over a daily oil shortfall due to the slowdown of traffic through the Strait of Hormuz. DHL CEO Tobias Meyer warned that continued fuel price increases could lead to demand destruction in air freight, with potential jet fuel shortages expected as early as June.
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Topics: fuel costs logistics Middle East conflict oil supply