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European airports at risk of 'systemic' fuel shortages if Strait of Hormuz remains blocked for more than three weeks.
European airports could face systemic jet fuel shortages if the Strait of Hormuz stays blocked over three weeks.
KEY POINTS
- Jet fuel reserves at EU airports are running low, with suppliers unable to guarantee deliveries beyond May.
- European jet fuel prices reached a record $1,900 per metric tonne this week due to supply disruptions.
- Jet fuel restrictions have already been implemented at four Italian airports, signaling early supply impacts.
COMPANIES
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