Jet-Fuel Crunch Lifts European Long-Haul Fares Amid Iran War

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Source: Crude Oil Prices Today | OilPrice.com
Jet-Fuel Crunch Lifts European Long-Haul Fares Amid Iran War
Photo: Crude Oil Prices Today | OilPrice.com
TL;DR Summary

The Iran war has cut Europe’s jet-fuel imports while aging refineries and growing reliance on Middle East kerosene leave Europe vulnerable to shortages, sending long-haul flight prices higher—estimates from Transport & Environment place the increase around $105 (90 euros) per flight. Analysts warn Europe could face weeks of jet-fuel constraints, with Northwest Europe most exposed as more U.S. cargoes head to Asia, underscoring aviation’s vulnerability to fossil fuel supply disruptions.

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