Europe Could Have Just Six Weeks of Jet Fuel Remaining

Europe's jet fuel stocks may cover only about six more weeks before widespread flight cancellations become likely, according to the International Energy Agency. IEA Executive Director Fatih Birol said the continuing blockade in the Strait of Hormuz has sparked what he described as the most severe energy crisis in history. The squeeze is already weighing on major Asian economies, with Europe and the Americas expected to be next as electricity and fuel costs jump. The disruption is seen slowing global growth while keeping inflation elevated across both developed and emerging markets.