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

1 min read
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

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.

Share this article

Want the full story? Read the original reporting

Read on Crude Oil Prices Today | OilPrice.com