Energy chief warns that Europe has only “six weeks of jet fuel left” due to Iran War
International Energy Agency executive director, Fatih Birol, has shared that Europe has only “six weeks or so” of jet fuel left due to oil supplies being blocked by the Iran War.
As per The Independent, Birol spoke to Associated Press and warned that we are currently experiencing “the largest energy crisis we have ever faced.”
This relates directly to the prevention of oil, gas, and other vital supplies through the Strait of Hormuz, a narrow sea passage separating the Arabian Peninsula and Iran.
Birol explained, “In the past, there was a group called ‘Dire Straits.’ It’s a dire strait now, and it is going to have major implications for the global economy. And the longer it goes, the worse it will be for the economic growth and inflation around the world.”
Consequences of the current squeeze include “higher petrol (gasoline) prices, higher gas prices, high electricity prices,” with different areas “hit worse than the others”.
Soon, this will trickle down to the citizen level. Birol explained that, should the Strait of Hormuz remain closed, flights in Europe will face serious issues.
He added, “I can tell you that soon we will hear the news that some of the flights from city A to city B might be cancelled as a result of a lack of jet fuel.”
Airport Council International Europe has also agreed with the claim that European airports could face jet fuel shortages within a few weeks if the key shipping route remains closed.
UK budget airline Ryanair has admitted that it also cannot rule out risks to fuel supplies if the Strait of Hormuz remains closed beyond the immediate future.
Despite this, it appears the complications in the area are ongoing; the US is currently blockading Iranian ports, and Tehran has laid mines in the waterway to restrict access through the strait.
