The International Air Transport Association has warned that a return to normal global jet fuel supplies will require a period of months, even if the Strait of Hormuz were to reopen immediately. According to the association’s director-general, the disruption to refining capacity in the Middle East, a critical global supplier, means a lengthy recovery timeline for refined products including jet fuel.
Soaring jet fuel prices since the start of the conflict have significantly impacted airline profitability. Carriers have responded by raising air fares and grounding flights to manage the financial fallout. Aviation fuel prices have more than doubled over the past month.
The refined product market has experienced severe stress, with jet…
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