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Threat of Grounded Planes Nears as Jet Fuel Supplies Dwindle
European airlines could face cancellations or grounded planes as jet fuel stocks tighten, with shortages possible within three weeks, industry groups and analysts said.
- On Tuesday, the International Energy Agency warned Europe could face jet fuel shortages by early May, with stocks potentially hitting critical levels in June if Middle East volumes remain restricted.
- Traffic through the Strait of Hormuz remains almost completely blocked since the United States and Israel began military operations against Iran in February, halting a significant portion of global energy supplies.
- Rystad Energy economist Claudio Galimberti warned Tuesday the situation could become systemic within four weeks, leading to "severe cuts of flights in Europe, already starting in May and June."
- TotalEnergies CEO Patrick Pouyanne warned Monday of "serious supply issues" if the blockade lasts over three months, while ING Bank economist Rico Luman noted smaller, inland airports face higher risks.
- European Commission spokeswoman Anna-Kaisa Itkonen acknowledged supply issues could occur in the near future, though she stated "there is no evidence for fuel shortages in the European Union at present.
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ABC FOX Montana+22 Reposted by 22 other sources
Threat of grounded planes nears as jet fuel supplies dwindle
Could planes soon be stuck on the ground due to a lack of fuel? The risk of jet fuel shortages is growing each day the Strait of Hormuz remains closed, although it isn't certain when exactly supplies will run out.
·Missoula, United States
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Could it happen that planes are grounded because there is not enough fuel? The longer the Strait of Hormuz remains closed, the greater the risk of a kerosene shortage.
·Luxembourg City, Luxembourg
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Airline stocks have fallen sharply after President Donald Trump announced plans to blockade the Strait of Hormuz. The travel industry was hit harder as stock indices across the UK, Germany, and almost all of Europe fell by about 1% at the start of trading on Monday.
Coverage Details
Total News Sources28
Leaning Left1Leaning Right6Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
C 61%
R 33%
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