Europe only has six weeks of jet fuel supply left, energy chief warns
Europe only has around six weeks of jet fuel supply left, an energy chief has warned, in what he fears could be “the largest energy crisis we have ever faced”.
Fatih Birol, the head of the International Energy Agency, added flight cancellations will begin “soon” if the Strait of Hormuz remains closed amid the Iran war, potentially plunging summer holidays into chaos.
It comes as easyJet announced it expected a headline loss of between £540 million and £560 million before tax for the six months to the end of March, with the airline having spent an extra £25 million on jet fuel last month.
US president Donald Trump’s ongoing blockade of the strategic shipping route has held up much of the world’s oil supply in the Gulf and sent fuel prices soaring.
It has prompted fears of flight delays and cancellations for Britons as they prepare to travel for the half-term school break.
Speaking from Paris on Thursday, Mr Birol said: “In the past there was a group called ‘Dire Straits’. It’s a dire s..
