economy

Europe faces flight chaos as strait of hormuz blockade sparks jet fuel shortage

A severe shortage of jet fuel is threatening to disrupt air travel across Europe, with major airports in Italy and the UK warning of limited supplies and soaring fuel prices.

Strait of hormuz blockade causes crisis

Strait of hormuz blockade causes crisis

The blockade of the Strait of Hormuz by Iran, following its conflict with the US and its allies, has severely impacted global oil and gas shipments. This has led to a drastic shortage of jet fuel, a critical component for commercial aviation.

Four major Italian airports - Bologna Guglielmo Marconi, Milan Linate, Treviso, and Venice Marco Polo - have announced they are bracing for jet fuel restrictions. Refueling company Air BP Italia will provide only limited service due to constrained fuel availability.

Prioritization of supplies is expected, with emergency operations including air ambulances and long-haul flights set to receive priority. However, the crisis could worsen if the Strait of Hormuz blockade continues.

Italian Prime Minister Giorgia Meloni has visited Gulf states over the weekend to secure continued access to oil and gas supplies and seek an end to the conflict. Other major European airports, including London's Heathrow, have also reported disruptions to jet fuel supply.

The shortage has led to the cost of jet fuel almost doubling in Europe since the conflict began, largely due to the continent's heavy reliance on Middle East oil. The International Air Transport Association has warned that the crisis highlights Europe's 'deep vulnerabilities in jet fuel security'.

Budget airline Ryanair CEO Michael O'Leary has warned that ticket prices could increase significantly by early May if the conflict persists, despite the company's efforts to hedge against rising fuel costs.