Europe has "maybe 6 weeks of jet fuel left"
4 hours ago
- #Energy Crisis
- #Aviation Impact
- #Geopolitics
- Europe may have only about six weeks of jet fuel left due to the blockade of the Strait of Hormuz, risking flight cancellations soon.
- The Iran war-induced energy crisis could lead to higher fuel prices, inflation, and slow growth or recession globally, with developing countries suffering most.
- Reopening the Strait of Hormuz is critical; failure could cause prolonged supply issues, with damaged energy facilities taking up to two years to recover pre-war production levels.
- The crisis highlights the geopolitical risks in energy, with potential long-term reshaping of the global energy map and increased reliance on alternative technologies like nuclear power.