Hormuz Blockade Forces Global Jet Fuel Rerouting
The closure of the Strait of Hormuz has upended global jet fuel flows and sent European prices above 200 dollars per barrel. While flexible supply chains have prevented acute shortages through record distance shipments, falling inventories in major hubs signal growing pressure on the aviation industry.
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Iran has upended global jet fuel markets by blockading the Strait of Hormuz, forcing traders to reroute 400,000 barrels per day. European prices hit a record $200 per barrel in April. Investors face a market where fuel is available but increasingly expensive, threatening airline margins and passenger demand.
