IEA Warns Europe Faces Jet Fuel Shortage in Weeks

International Energy Agency chief Fatih Birol warned Europe has jet fuel for only six weeks.

He said flight cancellations could occur soon.

If oil supply disruptions continue.

Due to tensions affecting the Strait of Hormuz.

Birol described the situation as a major global energy crisis.

With significant economic impacts.

Affecting growth and inflation worldwide.

He noted rising fuel and energy prices.

Including gasoline, gas, and electricity.

With varying impacts across countries.

Especially in Asia and developing economies.