IEA Warns of Jet Fuel Shortage in Europe Amid Global Energy Disruptions


 

PARIS — The Executive Director of the International Energy Agency, Fatih Birol, has warned that Europe could face a critical shortage of jet fuel, with reserves potentially lasting only about six weeks if supply disruptions persist.

Speaking in an interview, Birol attributed the situation to ongoing military tensions in the Middle East and disruptions to oil shipments through the Strait of Hormuz, a key global energy corridor.

He cautioned that the supply constraints could force airlines to suspend some flights in the near term unless urgent measures are taken to restore energy flows.

From an economic perspective, the warning signals heightened risks to global energy markets, with the potential for significant supply-side shocks. Reduced fuel availability is likely to drive up prices of oil, gas, and electricity, further intensifying inflationary pressures across major economies.

Birol described the situation as potentially one of the most severe energy crises in recent history, with wide-ranging implications for global economic growth, trade, and industrial productivity.

If the disruptions continue, analysts expect rising energy costs to weaken consumer spending, increase operational costs for businesses, and slow down economic recovery in both developed and emerging markets.

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