A 'systemic' jet fuel shortage is brewing in Europe — and flights could be hit hard
CNBC
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'We've seen constraints in countries like Vietnam and Thailand on air travel, but this is also spilling over to Europe,' an ING analyst told CNBC.
Hormuz Blockade Economic Impact
- Virgin Atlantic raises its ticket prices by as much as £360 amid warnings jet fuel could run out in the 'near future' due to Iran war Daily Mail —
- Breaking: Virgin Australia to trim domestic flights, flags up to $40m extra fuel hit ABC News —
- Airlines prepare to ground planes and furlough cabin crew amid deepening air travel crisis as Iran war doubles jet fuel prices Daily Mail —
- European Union insists there is no shortage of jet fuel as war in Iran rages on NY Post —
- Hormuz Closure Sets Clock Ticking for Asia’s Rice Farmers Bloomberg —