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Euronews
Euronews
Marta Pacheco

EU energy ministers eye jet fuel reserves as Strait of Hormuz crisis threatens supply

European Union George Shaw IATA IEA Oil Council Euronews Europe Strait of Hormuz

European energy ministers are considering the strategic release of jet fuel reserves as prolonged disruption in the Middle East threatens to jeopardise supply just as the summer travel season begins, a document seen by Euronews reveals.

A European Council briefing prepared ahead of a gathering of EU energy ministers on 26 June warns that while crude oil and natural gas markets have so far avoided major physical shortages, aviation fuel remains the most exposed product as disruptions to shipping through the Strait of Hormuz enter their third month with no resolution in sight.

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