Europe has about six weeks of jet fuel remaining if the Strait of Hormuz is not reopened, Fatih Birol, Executive Director of the International Energy Agency, said during an interview on Fox News on April 16.
Birol warned that flight disruptions could follow if supplies tighten further. He said, “We are in Europe. We have maybe six weeks or so of jet fuel left if we are not able to open the Strait of Hormuz. I can tell you, soon, we will hear the news that some of the flights from city A to city B might be canceled as a result of a lack of jet fuel.”
Birol added, “[We have] two big problems, firstly, high prices, and second, availability of the gas, availability of the jet fuel, diesel and others.”
Freight cost warnings mount for Guyana as Strait of Hormuz risks persist | OilNOW
The Strait of Hormuz remains a critical artery for global energy trade. About one-fifth of the world’s oil supply passes through the waterway, along with major volumes of liquefied natural gas. Tensions involving Iran have increased the risk of disruption, affecting tanker movements and raising shipping costs.
Any sustained restriction through the route would tighten global fuel supply and increase pressure on import-dependent regions such as Europe, where refining systems rely on steady crude inflows.
The same global supply pressure is already affecting smaller import-dependent markets such as Guyana. Several gas stations in Georgetown briefly closed or began rationing fuel in recent days. President Irfaan Ali linked the shortage to external supply disruptions affecting imports.
Guyana relies on imported refined fuels, including gasoline and diesel. Delays or constraints in international shipments can quickly affect availability at the domestic level.
The last time oil prices were this high was the 2022 Ukraine war | OilNOW
