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Europe is running out of jet fuel
The executive director of the International Energy Agency said Thursday that Europe has “maybe six weeks of jet fuel left,” and flight cancellations are likely imminent. In an interview with the Associated Press published Thursday, IEA leader Fatih Birol warned that the war in Iran and the subsequent commodity bottlenecks in the Strait of Hormuz have created "the largest energy crisis in history." In his comments, Birol cited higher gasoline, diesel, and jet fuel costs, which are likely to continue rising as a long-term ceasefire agreement between the US and Iran and a reopening of the strait remain out of reach. ... (full story)
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