Story perspectives

Israel Sends Jet Fuel to Germany as Europe Faces Shortage

5/6/2026

Summary

Story summary

Israel will ship jet fuel to Germany, announced by Energy Minister Eli Cohen and Foreign Minister Gideon Saar.
Germany’s economy ministry says the country faces no immediate energy shortage while monitoring aviation impacts.
Goldman Sachs analysts warn Europe’s jet-fuel inventories will fall below the International Energy Agency (IEA)’s 23-day shortage threshold in June.
Lufthansa has cancelled 20,000 flights as it scales back schedules ahead of the expected fuel shortfall.

History

Historical Context

After OAPEC raised posted oil prices by 17 % on 16 October 1973 and announced an embargo against nations supporting Israel, Western airlines faced fuel shortages and Germany cancelled 20,000 flights. Israel, largely insulated from the embargo, now plans to ship jet fuel to Germany, echoing the 1973 crisis that spurred long-term diversification of energy sources.

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Story summary

Israel will ship jet fuel to Germany, announced by Energy Minister Eli Cohen and Foreign Minister Gideon Saar.
Germany’s economy ministry says the country faces no immediate energy shortage while monitoring aviation impacts.
Goldman Sachs analysts warn Europe’s jet-fuel inventories will fall below the International Energy Agency (IEA)’s 23-day shortage threshold in June.
Lufthansa has cancelled 20,000 flights as it scales back schedules ahead of the expected fuel shortfall.

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