Europe to face fuel shortage? Energy agency head warns ‘maybe 6 weeks of jet fuel left’ — Here's all we know
This image was generated by AI and may not depict real events.
The International Energy Agency's head warns that Europe may face a jet fuel shortage within six weeks due to the war in West Asia and the blockage of the Strait of Hormuz. The crisis is expected to have far-reaching implications for the global economy, with developing countries likely to be the most affected.
The International Energy Agency (IEA) has warned that Europe is facing a potential jet fuel shortage. The agency's head, Fatih Birol, stated that Europe has 'maybe six weeks or so' of jet fuel remaining. The crisis is caused by the war in West Asia, which has resulted in the blockage of the strategic Strait of Hormuz by Iran. The blockage has led to a supply crunch, with over 110 oil-laden tankers and 15 carriers loaded with liquefied natural gas waiting to pass through the strait. Birol warned that flight cancellations are possible if the situation continues, and that the crisis will have major implications for the global economy, with developing countries suffering the most. The IEA head called for the Strait of Hormuz to be reopened to prevent further repercussions for global energy supplies.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.