Europe is facing a significant jet fuel shortage, with supplies estimated to last only about six weeks due to disruptions caused by the ongoing war involving Iran.The conflict has led to the effective closure of the Strait of Hormuz, a critical route for oil exports from the Gulf region.Fatih Birol, executive director of the International Energy Agency (IEA), warned that flight cancellations could occur soon if oil supplies from the Middle East are not restored in the coming weeks.He highlighted the urgency of the situation in an interview, noting the potential for immediate impacts on air travel.The shortage is expected... [Continue Reading]