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A sharp supply shock from the U.S.-Israeli war with Iran and the effective closure of the Strait of Hormuz has precipitated a jet fuel squeeze that is reverberating across global aviation.
The International Energy Agency warned in mid-April that the conflict has produced the worst energy crisis on record by daily output lost, with peak losses around 12 million barrels per day.
European officials met April 21-22 to discuss emergency measures: the European Commission is due to present a package including a fuel observatory, possible stock sharing, minimum reserve quotas and imports from the United States.
Airlines and logistics operators report higher prices and rising risk of shortages â DHL said it can secure supplies in Europe into June but not in Asia, while Lufthansa announced around 20,000 flight cancellations between May and October to save fuel.
Independent analyses show fuel cost increases add roughly âŹ88 ($104) per long-haul passenger from Europe and analysts and consultancies report economy fares up about 24% year-on-year on some routes as carriers reroute and pass on costs.






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