Europe might face flight cancellations soon due to a shortage of jet fuel, as warned by Fatih Birol, head of the International Energy Agency. This crisis is part of a larger global energy issue caused by blocked oil supplies through the Strait of Hormuz due to the Iran war. Birol described this as the largest energy crisis ever, affecting global economies with rising fuel and electricity prices. Developing countries in Asia, Africa, and Latin America are expected to suffer the most, followed by Europe and the Americas. Birol criticized Iran’s toll system for ships passing through the strait, warning it could set a precedent for other important waterways. He emphasized the need for free oil flow to prevent further economic damage.
QUESTION: How might the current energy crisis influence the way countries approach their energy policies in the future?
Europe has ‘maybe 6 weeks of jet fuel left,’ energy agency head tells AP
