# The UK is particularly vulnerable to shortages of jet fuel caused by the Iran war.

*business · news · 2026-05-05 · The Sunday Times*

## Key points

- Goldman Sachs warns the UK may face jet fuel rationing due to critical inventory shortages.
- Closure of the Strait of Hormuz has doubled jet fuel prices since February 28 and cut seat capacity.
- UK holds no strategic reserves of jet fuel, relying almost entirely on risky Middle East imports.
- Grangemouth refinery will close in April 2025, further reducing UK jet fuel production capacity.
- Suppliers forecast fuel disruptions for UK airlines could begin by mid to late June without change.

**Companies:** Goldman Sachs, American Airlines, Air France, IAG, British Airways, Phillips 66, Ryanair
**Countries:** UK, Iran, France, USA

[Read the full story on The Sunday Times](https://www.thetimes.com/business/energy/article/uk-most-exposed-jet-fuel-shortage-iran-war-0c3dpfpkv)

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