# U.S. began naval blockade of ships entering and leaving Iranian ports in Strait of Hormuz.

*business · news · 2026-04-14 · CNBC*

## Key points

- Europe faces a systemic jet fuel shortage within weeks if the Strait of Hormuz remains blocked.
- The U.S. naval blockade of Iranian ports has halted Middle East jet fuel supplies to Europe.
- Jet fuel prices soared 103% month-on-month in March, severely impacting airline operations.
- European airlines like SAS and Ryanair are already cancelling flights and raising ticket prices.
- Industry experts warn that some disruption to global energy prices will persist regardless of Gulf developments.

**Companies:** Ryanair, SAS, Wizz Air, Virgin Atlantic, Aurigny
**Countries:** Iran, United States, Israel, United Kingdom, Guernsey, European Union, Vietnam, Thailand

[Read the full story on CNBC](https://www.cnbc.com/2026/04/14/jet-fuel-shortage-middle-east-crisis-flight-cancellations-europe.html)

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