economy
April 14, 2026
Europe on the brink of crisis
Currently, there is no evidence of a fuel shortage in the European Union, but supply problems could arise in the near future, especially for jet fuel.
TL;DR
- No current evidence of fuel shortage in the EU, but future problems are possible, especially for jet fuel.
- EU refineries meet about 70% of jet fuel needs; the rest is imported.
- Middle East conflict and closure of the Strait of Hormuz have caused a spike in oil derivative prices, particularly kerosene.
- European airports have warned of a potential jet fuel shortage if the Strait of Hormuz shipping route is not restored in three weeks.
- The European Commission is working with member states to assess fuel supplies, refinery capacities, and alternative import routes.