BRUSSELS (Dunya News) - A severe shortage of jet fuel could emerge within three weeks if the Strait of Hormuz remains closed, raising concerns over global air travel and increasing ticket prices.
According to international reports, European jet fuel prices have surged to a record $1,838 per tonne, compared to $831 per tonne before the recent conflict, reflecting the growing strain on fuel supply chains.
Airports Council International (ACI) Europe has written to European commissioners for energy and tourism, warning of serious consequences if the vital shipping route is not reopened soon.
The letter stated that continued disruption in oil and fuel supplies through the Strait of Hormuz could significantly impact airport operations and air connectivity across Europe.
Officials expressed concern over fuel availability at European airports, cautioning that prolonged disruption could lead to widespread economic repercussions and operational challenges.
The organisation’s director general warned that if maritime traffic through the strait is not restored within the next three weeks, a systemic jet fuel shortage across the European Union could become a reality.
The report highlighted that the Gulf region accounts for nearly 50 per cent of Europe’s jet fuel imports, making the situation particularly critical.
As a result, several airlines have already reduced flight operations, while ticket prices are expected to rise further due to anticipated fuel shortages.