00:02Europe could face a shortage of jet fuel in the coming weeks, said the head of the International Energy Agency,
00:08Fatih Birol, on Thursday, warning of a possible flight consolations soon if all supplies remain blocked by the Iran war.
00:16But the IEA has released oil from this Middle East and from this Hormuz Strait. So they will be at
00:24the forefront. Then it will come to Europe and the Americas. We will see the impact of it in two
00:34big ways.
00:35One is the higher petrol prices, higher gas prices, higher electricity prices. The second one is if it continues like
00:47this, if we cannot...
00:49Last week, the Airports Council International Europe wrote to the European Commission saying shortages of jet fuel could begin at
00:57the beginning of May if tankers do not begin sailing through the Hormuz.
01:00The situation varies considerably across the continent. Austria, Bulgaria and Poland have comfortable stocks. For Britain, Iceland and the Netherlands,
01:10it is the opposite.
01:12France is somewhere in the middle and the impact won't be the same for all airports and airlines.
01:19Airlines for Europe, a trade association that includes Air France, KLM, Lufthansa and Ryanair, has been urging the European Union
01:27to begin providing real-time information on jet fuel stocks at airports.
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