Back to today’s briefing

Story perspectives

Europe's Jet Fuel Crisis: Prices Surge Amid Supply Shortages

4/21/2026

33 4 Full Breakdown

Center

Europe's Jet Fuel Crisis

Europe faces a jet fuel crisis as war in Iran and Strait of Hormuz closures disrupt supplies.
EU Commissioner Dan Jorgensen warns of shortages as jet fuel prices exceed $200 per barrel.
The International Energy Agency (IEA) calls this worst energy crisis in history, worsened by reduced Middle Eastern imports and refinery closures.
Analysts estimate 6 weeks of jet fuel supply remain, prompting Lufthansa to cut schedules and retire aircraft.

Left

Macron Hosts Strait Talks

In Paris, President Emmanuel Macron hosted leaders from Britain, Germany, and Italy to discuss restoring navigation in the Strait of Hormuz amid the Iran war.
The talks unfold as Iran and the United States control the strait, limiting Europe’s influence, says Célia Belin of the European Council on Foreign Relations.
Iran’s foreign minister announced the strait would reopen, while the United States seized an Iranian vessel.

1 of 2

Europe's Jet Fuel Crisis

Europe faces a jet fuel crisis as war in Iran and Strait of Hormuz closures disrupt supplies.
EU Commissioner Dan Jorgensen warns of shortages as jet fuel prices exceed $200 per barrel.
The International Energy Agency (IEA) calls this worst energy crisis in history, worsened by reduced Middle Eastern imports and refinery closures.
Analysts estimate 6 weeks of jet fuel supply remain, prompting Lufthansa to cut schedules and retire aircraft.

1 / 2