Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief
Summary
Europe has enough jet fuel for about six more weeks due to disruptions caused by the war involving Iran. Some airlines, like KLM, are already cancelling flights because high fuel prices make these flights too expensive to run.Key Facts
- The International Energy Agency says Europe has about six weeks of jet fuel left.
- A war involving Iran has disrupted oil supplies, especially through the Strait of Hormuz, a key route.
- KLM plans to cancel 160 flights next month due to high jet fuel prices.
- Airlines usually keep about six weeks of fuel reserves in normal times.
- Oil prices, measured by Brent crude, are over 30% higher than before the war started.
- Some airlines have fuel price protections called hedges, but cost pressures remain.
- EasyJet says it has enough fuel supplies until mid-May and is not worried yet.
- The war has caused global energy market instability, leading to higher fuel and electricity prices worldwide.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
