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The Independent UK
The Independent UK
Business
Simon English

UK is ‘most exposed’ to jet fuel shortage and is vulnerable to rationing, Goldman Sachs warns

Britain is the nation “most exposed” to jet fuel shortages caused by the Iran war, Goldman Sachs has warned, raising fears of more cancelled flights and ruined summer holidays.

The UK is highly reliant on imports that come through the closed Strait of Hormuz and has “critically low levels” of supplies and poor refining tools, analysts at one of the world’s largest investment banks said.

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