Europe Warns of Jet Fuel Crisis

IEA Executive Director Fatih Birol stated that the effective closure of the Strait of Hormuz has triggered the largest energy crisis in history, specifically impacting aviation fuel.

Major carriers like KLM and Spirit Airlines are already considering route reductions, and some analysts suggest Spirit could face liquidation within days due to surging costs.

The European Union is reportedly war-gaming emergency measures to maximize refinery output and manage dwindling reserves.

Travelers are being advised to book refundable tickets as the industry braces for significant disruption by late May.