STORY: :: The EU says there are no signs of jet fuel shortages in Europe despite the Iran war energy shock:: Brussels, Belgium / June 4, 2026:: Apostolos Tzitzikostas, EU Transportation Commissioner”There is currently no jet fuel shortage in Europe, and we have no signs that we will have a shortage in the coming period. And this is due mostly to the fact that we produce more than 70% of jet fuel in Europe.””The main problem is indeed the price of the jet fuel because at one point it even doubled, the price, before the war; now it has de-escalated a little bit. However, this is a problem for the airlines, and this is why we see that some airlines are choosing to cancel some of their routes that didn’t make any economic sense before the war even.The Strait of Hormuz, a key shipping lane…
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Source finance.yahoo.com
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