NEW YORK (AP) — A looming jet fuel shortage in Europe and Asia could compound the Iran war’s impact on world travel within weeks if a fragile agreement to reopen the Strait of Hormuz collapses, making ...
Europe faces an acute logistics problem as the Iran war severely restricts flows from the Middle East. The International Energy Agency earlier this month warned that Europe could run out of jet fuel ...
Jet-fuel prices have resurfaced as a major concern for U.S. airlines. Jet-fuel prices are hovering near their highest levels since the U.S.-Iran war began, threatening to become the latest fuel supply ...
Refined fuel markets are under greater strain than crude, with jet fuel premiums over Brent surging to record levels as the Strait of Hormuz disruption chokes Middle East supply. Jet fuel prices in ...
While carriers in Asia and Europe are managing the oil crisis by rationing jet fuel and cutting flights, U.S. airlines remain more insulated for now—but energy experts say no country is immune.
Jet fuel exports have plunged due to the closure of the Strait of Hormuz. European airports have warned that the EU will face a "systemic jet fuel shortage" if the strait does not reopen.
April 24 (UPI) --A catastrophe in global aviation fuel is taking shape, and almost no one is paying attention. The culprit is the prolonged conflict in the Middle East and the supply insecurity it has ...
The closure of the Strait of Hormuz has shattered the traditional diesel–jet pricing relationship in Europe, pushing the jet-diesel regrade from a normal –$5 to +$2/bbl range to an unprecedented ...
The recent pressure on the supply of aviation fuel globally due to the war in the Middle East has put a spotlight on something most passengers never think about: the fuel in the aircraft. If the war ...
Jet fuel prices have roughly doubled since the start of the war in Iran, a price increase even sharper than the spikes seen in gasoline and diesel. In Asia, some countries have been rationing fuel and ...