Airlines are warning of a “systemic shortage” of kerosene in Europe if maritime traffic is not restored in the Strait of Hormuz within three weeks. The supply has been complicated since the beginning of the Middle East war and the blockage of this essential maritime route by Tehran. Concern is growing as the US military has imposed a blockade to prevent ships from leaving Iranian ports. The association of European airports is calling for emergency measures in a letter to the European Commission, as revealed by the Financial Times.
The risk is becoming increasingly real, according to the International Energy Agency (IEA). Europe is the most dependent continent. Gulf countries provide 75% of net kerosene imports—what is bought abroad minus what is sold. European stocks are under pressure. At this stage, there is no general shortage, but this scenario could become a reality as early as June, states the IEA in its latest monthly report, unless Europe can find alternative sources such as the US or Algeria.
If Europe can only replace three-quarters of its kerosene imports, a critical threshold will be reached this summer. This would force airlines to adjust their frequencies, potentially canceling flights during the peak season.
Context: The article discusses the potential kerosene shortage in Europe due to disruptions in maritime traffic in the Strait of Hormuz.
Fact Check: The Strait of Hormuz is a vital waterway for global oil supplies, and tensions in the region could impact fuel availability in Europe.
