Advertisement
Categories: BusinessNewsWorld

Europe Faces Difficult Summer Amid Iran Crisis, Fuel Shortages

Advertisement

The EU Energy Commissioner, Dan Jorgensen, has warned that the coming summer will be difficult for Europe due to potential fuel shortages caused by the war in Iran and the closure of the Strait of Hormuz. The European Union is preparing measures to mitigate these impacts on jet fuel supply.

Jorgensen told reporters in Madrid that if necessary, the EU may redistribute or share its existing jet fuel resources. European airlines have already expressed concerns about possible jet fuel shortages within weeks due to the conflict in Iran, which has blocked the primary route for Middle Eastern oil through the Strait of Hormuz. Approximately 75% of Europe’s jet fuel supply currently comes from this region.

Advertisement
News Desk

Recent Posts

SIMPACT 2026 Brings AI to the Forefront of Simulation Education

The Aga Khan University's (AKU) Centre for Innovation in Medical Education (CIME), Karachi, hosted SIMPACT…

9 hours ago

Meezan Bank Continues Blood Donation Drive in Partnership with The Indus Hospital

Meezan Bank, Pakistan's premier Islamic bank, once again partnered with The Indus Hospital & Health…

11 hours ago

Mobilink Bank and Yango Partner to Provide Shariah-Compliant Financing for Drivers in Pakistan

Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company…

3 weeks ago

Pakistani Freelancers’ Earnings Expected to reached $2.5 B in the Current Fiscal Year

Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected…

3 weeks ago

Spotify Celebrates Atif Aslam’s Subah Aye Na with Fans and Artists in Karachi

To celebrate the release of Atif Aslam’s highly anticipated new album, Subah Aye Na, Spotify…

4 weeks ago

Supernet Technologies set to raise 915 million to strengthen its working capital for growing projects!

KARACHI: Supernet Technologies Limited (STL) is looking to strengthen its working-capital capacity as a growing…

4 weeks ago