- The EU's energy commissioner, Dan Jorgensen, warned that Britons' summer holidays could be affected by cancelled flights or expensive tickets due to low jet fuel stocks.
- Jorgensen stated that Europe is facing a 'very serious crisis' primarily impacting prices, with a high likelihood of future supply issues, especially for jet fuel.
- The disruption to aviation fuel supplies is attributed to the war in Iran and the restricted movement of oil through the critical Strait of Hormuz shipping route.
- Fatih Birol, head of the International Energy Agency, previously cautioned that Europe has only around six weeks of jet fuel supply remaining.
- Airlines are already responding, with Lufthansa Group cancelling 20,000 flights to mitigate soaring oil costs, and Ryanair anticipating potential supply risks if the Strait of Hormuz closure continues.
IN FULL