IEA Warns Europe Could Face Jet Fuel Shortage In Weeks – Media

PARIS, April 16 (Bernama-Xinhua) -- Europe may have only about six weeks of jet fuel remaining if current supply disruptions persist, International Energy Agency (IEA) Executive Director Fatih Birol warned on Thursday, reported Xinhua.

Birol cautioned that flight cancellations could occur soon if oil supplies remain blocked due to the ongoing conflict in West Asia, according to a report by the French-language media outlet L'actualite.

He described the situation as potentially the largest energy crisis ever faced, attributing it to disruptions in the flow of oil, gas, and other vital resources through the Strait of Hormuz.

The situation will have major repercussions for the global economy, Birol said, warning that the longer the disruption lasts, the more serious the consequences will be for global economic growth and inflation.

-- BERNAMA-XINHUA