By Shariq Khan.
NEW YORK, April 1 (Reuters) – President Donald Trump this week told countries struggling to get jet fuel due to Iran’s blockade of the Strait of Hormuz to buy from the U.S., but analysts say there is a major problem with his advice: the U.S. can’t cover the global shortfall.
“We have plenty,” Trump wrote in a Truth Social post on Tuesday.
U.S. government data shows that’s not the case.
About half a million barrels a day of jet fuel is exported out of the Strait of Hormuz, mainly to Europe and some to Asia and Africa, data from vessel-tracking service Kpler shows.
Total U.S. jet fuel exports, meanwhile, averaged 219,000 bpd last year, data from the Energy Information Administration, the Department of Energy’s statistical arm, shows.
“It is very,…
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Source ca.finance.yahoo.com
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