Amid the escalation of the situation in the Strait of Hormuz, the European Union is actively working on emergency measures. The goal is to prevent a large-scale jet fuel shortage and ensure the uninterrupted operation of oil refineries.
The European Union is actively developing strategies to prevent the impending aviation fuel supply crisis. This work includes maximizing the capacity of oil refineries. The reason lies in the potential blockade of the critically important Strait of Hormuz, as reported by Reuters citing "European Truth."
Threat of Jet Fuel Shortage
European airlines are already sounding the alarm, warning of a possible jet fuel shortage in just a few weeks. Such a situation could severely disrupt summer travel, right before the peak tourist season. Europe is particularly vulnerable, as about 75% of all aviation fuel supplies come from Middle Eastern countries.
European Dependency and Emergency Measures
According to a draft proposal reviewed by Reuters, the European Commission is preparing for decisive action. Starting next month, a thorough mapping of all petroleum refining capacities within the EU is planned. Measures will be introduced to ensure their full and effective utilization.
At the same time, the European Union is actively working on additional steps to guarantee the supply of jet fuel, although these initiatives are still in the planning stages. Officials familiar with the details confirm that a complete package of plans will be officially presented on April 22.
Energy Crisis and Financial Losses
"European Truth" previously reported on potential jet fuel issues if the Strait of Hormuz remains inaccessible. The military conflict in the Middle East has already cost the European Union colossal sums. Over 44 days of escalation, the EU overpaid 22 billion euros for fossil fuels due to the sharp rise in energy prices.
In this regard, the European Commission is intensively preparing comprehensive measures to combat the energy crisis. These important initiatives will be discussed by EU leaders on April 23-24 to find joint solutions.
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