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Strait of Hormuz crisis could result in Europe running out of jet fuel in six weeks

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2 min read
  1. The IEA warns Europe could face jet fuel shortages within six weeks if the Strait of Hormuz stays heavily disrupted.

  2. The standoff between the U.S., Israel and Iran is already threatening global oil and refined-fuel shipping.

  3. Any prolonged closure could lift aviation and shipping costs and add to wider energy-market strain.

  4. Military deployments and failed diplomatic efforts have so far not restored normal traffic through the waterway.

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