EU warns of tighter jet fuel market due to Hormuz tension
The EU warns jet fuel markets may tighten if the Strait of Hormuz remains closed. No supply disruptions have occurred yet despite rising price effects.
The European Union warned that jet fuel supplies will tighten if the Strait of Hormuz remains disrupted. The regional energy department reported price effects across member states, with no physical supply disruptions so far. If the situation does not improve within weeks, markets are expected to become increasingly tight, especially for jet fuel.
### Hormuz Tensions Hit Refined Products The European Commission energy department issued an update on Thursday following meetings with its oil and gas coordination groups. The Oil Coordination Group stated that the Strait of Hormuz closure impacts both crude oil and all major petroleum products. Every country within the union is currently affected by these market dynamics.
