Business World

Jet Fuel Shortage Threatens Travel

Jet Fuel Shortage Threatens Travel

The head of the International Energy Agency has warned that Europe may only have six weeks of aviation fuel remaining.

In response, the Canadian government has suspended federal excise taxes on fuel for five months to mitigate soaring costs.

Travel agents are advising holidaymakers to book now to avoid further surcharges as the effective closure of the Strait of Hormuz chokes supply lines.

The crisis has also led to the suspension of some biometric border checks in Europe to prevent further airport delays.

EasyJet
British low-cost airline
Aer Lingus
Flag-carrier airline of Ireland
Strait of Hormuz
Strait between the Gulf of Oman and the Persian Gulf