00:00Jet fuel supplies could take months to recover, even if Iran reopens the Strait of Hormuz due to disruptions to
00:07refining capacity in the Middle East.
00:09The International Air Transport Association says while crude oil prices may fall, jet fuel costs are likely to remain elevated.
00:19And if it were to reopen and remain open, I think it will still take a period of months to
00:26get back to where supply needs to be, given the disruption to the refining capacity in the Middle East, which
00:35is a critical part of the global supply of refined products and not just jet fuel for other products as
00:43well.
00:43So it will probably take months.
00:45Oil prices have already fallen below $100 a barrel after US and Iran agreed to a two-week ceasefire, conditional
00:53on Iran reopening the Strait.
00:55However, the conflict has severely disrupted global jet fuel supply, forcing airlines to cut flights, carry extra fuel and add
01:04refueling stops.
01:05Fuel remains the second largest cost for airlines, accounting for about 27% of operating expenses.
01:13Jet fuel prices have more than doubled since the start of the conflict, far outpacing the rise in crude oil
01:19prices.
01:19Fuel prices is reach the most orientated better for agents.
01:19Fuel prices have more than double-action customers who PACs only for Jahrencelia
01:19for Mog которые Washington Markut Harami, any of theết цен добавlων, they were the only flavours.
01:19that is given its Innovation Camp right now, everything theyis is, of course, no big enough reason, people are afraid
01:21to find Green news.
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