European airports could face jet fuel shortages within three weeks

European airports are warning of potential jet fuel shortages within three weeks if the Strait of Hormuz, a key oil shipping route, remains effectively closed. ACI Europe alerted the EU transport commissioner that systemic shortages could disrupt summer travel due to soaring jet fuel prices, which have more than doubled since last year. The crisis stems from increased tensions in the Middle East, particularly after Iran's actions in the Strait of Hormuz, impacting European access to Gulf refineries, which typically supply over 60% of its jet fuel. The UK is considered particularly vulnerable due to its reliance on Kuwait. European buyers are now competing with Asia for alternative fuel sources, exacerbating the global market's exposure.

Following a ceasefire in April 2026 between the US, Israel, and Iran, experts predict it will take months for energy prices to normalize. Iran's actions, including blocking the Strait of Hormuz (a crucial passage for global oil and gas exports) and attacking Gulf energy infrastructure, caused significant disruptions. This led to soaring prices for energy and related products, impacting consumers worldwide, especially in Asia and Africa. The Strait of Hormuz, which previously saw 120-140 ships daily, now has drastically reduced traffic. Analysts emphasize that a consistent and predictable flow of cargo through the strait is necessary for market stabilization, but the timeline for achieving this remains uncertain.