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Experts have warned Europe has approximately six weeks of jet fuel supplies left. Here’s where the rest of the world stands and how it will affect summer travel.
On top of higher airfares and fees because of the war in Iran, airlines in Europe and Asia, many of which depend on imported jet fuel, are now facing a potential shortage, raising the odds of flight cancellations and schedule cuts.
A looming jet fuel shortage in Europe and Asia could compound the Iran war's impact on world travel if a fragile agreement to reopen the Strait of Hormuz collapses and Persian Gulf oil shipments stay blocked.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Airlines are facing higher costs, and one airport group in Europe has warned of the risk of a "systemic jet fuel shortage" if traffic through the Strait of Hormuz doesn't normalize by the end of this month.
Air Canada will suspend service to New York’s JFK International airport over the summer, the latest move in an industry struggling with high fuel costs and falling supplies.
The Iran war has sent jet fuel prices soaring, upending the global aviation industry and forcing airlines to rethink forecasts.
Even if the war were to end today, experts say jet fuel prices will likely remain elevated for several months.