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Europe warns of jet fuel crisis

Europe warns of jet fuel crisis

IEA chief Fatih Birol stated that the energy shock resulting from the US-Iran war is the largest in recent history, with recovery expected to take at least two years.

Major carriers like Lufthansa have already suspended regional operations as kerosene prices soar and supply chains fracture.

Industry experts are advising travelers to book refundable tickets as the risk of widespread grounded planes increases.

The shortage is expected to hit European and Asian markets most severely, potentially leading to fuel rationing and significant airfare hikes.

Fatih Birol
Turkish economist and energy expert
Lufthansa
Flag-carrier and largest airline of Germany
Strait of Hormuz
Strait between the Gulf of Oman and the Persian Gulf
Europe
Terrestrial continent located in north-western Eurasia