EU Transport Chief Sees No Jet Fuel Shortage Despite Hormuz Blockade European Union transport commissioner Apostolos Tzitzikostas stated there are no signs of jet fuel shortages in Europe in the coming months, despite the energy shock from the Iran War. High prices are causing airlines to cut uneconomic routes. The EU has largely covered the reduction in Middle Eastern oil, which accounts for about a fifth of its jet fuel imports, with shipments from the United States and Nigeria following the U.S.-Israeli attack on Iran and subsequent disruption in the Strait of Hormuz.

• No signs of jet fuel shortages are expected in Europe in the coming months.
• High jet fuel prices are prompting airlines to cut uneconomic routes.
• The Strait of Hormuz remains largely cut off, slashing oil supplies.
• The EU has covered missing Middle Eastern oil with shipments from the U.S. and Nigeria.
• Middle Eastern oil accounts for about a fifth of the EU’s jet fuel imports.