Jet Fuel Shortages May Persist for Months After Hormuz Reopens

The restoration of normal jet fuel flows around the world will take months, even if Iran reopens the Strait of Hormuz today, the head of the International Air Transport Association warned. “If it were to reopen and remain open, I think it will still take a period of months to get back to where supply needs to be given the disruption to the refining capacity in the Middle East, which is a critical part of the global supply of refined products, and not just jet fuel for other products as well,” Willie Walsh, director-general of IATA said,…