Europe Faces Potential Jet Fuel Shortage Within Six Weeks, IEA Chief Warns
AI summaryThe International Energy Agency's executive director, Fatih Birol, has warned that Europe has roughly six weeks of jet fuel supply left, which could lead to flight cancellations if the Strait of Hormuz remains closed. The crisis, triggered by the Iran war, is expected to drive up fuel prices globally, with developing countries hit hardest.