Money and business

European airports warn of a aviation fuel crisis if the Strait of Hormuz continues to be closed

Airports Council International in Europe has warned of the risk of a major shortage of aviation fuel (kerosene) if maritime traffic does not resume in The Strait of Hormuzduring the next three weeks, according to a letter seen by Agence France-Presse on Friday.

The Council, a pressure group representing European airports, confirmed in this letter addressed to the European Commission and revealed by the Financial Times that "A comprehensive shortage of jet fuel will become a reality" InEuropean Union "If navigation traffic through the Strait of Hormuz does not resume in a stable and efficient manner within the next three weeks".

Easing European legislation

The Council, which represents about 600 airports in about 50 countries, called on Brussels to… "Urgent monitoring" Due to the availability of aviation fuel and its supplies during the next six months, in light of the significant increase in its prices due to the war in the Middle East and the closure of The Strait of Hormuz.

He also called for easing European legislation, especially with regard to a text on reducing methane emissions in the energy sector.

The war broke out in the Middle East on February 28 after Israel and the United States began launching strikes on Iran. Tehran responded by launching strikes that particularly affected Israel and the Gulf states and by closing the Strait of Hormuz, through which about 20% of Production of oil, kerosene and gas in the world. A temporary ceasefire has been in effect since Tuesday evening.

The war caused a sharp rise in kerosene prices that exceeded the rate of rise in crude oil prices.

Several airlines in the world raised their ticket prices and stopped flights, for reasons related to safety or profitability.

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