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The head of the International Energy Agency has issued a chilling warning today, stating that Europe may have six weeks of jet fuel left.<\/p>\n
This announcement comes at a critical moment for global security, where the executive director of this agency, Fatih Birol, emphasized that flight cancellations could start very soon if oil supplies remain blocked as a result of the escalation of the Iran war.<\/p>\n
According to Birol, the effective closure of the Strait of Hormuz has provoked the biggest energy crisis the world has ever faced.<\/p>\n
The consequences will be immediate and painful: higher gasoline prices, rising gas costs and extremely high electricity bills.<\/p>\n
Although this is a global crisis, some regions will be hit harder. The first line of attack are Asian countries that depend almost entirely on Middle Eastern energy, including Japan, Korea, India, China, Pakistan and Bangladesh.<\/p>\n
After them, it will be Europe and America’s turn. If this vital waterway is not reopened, travelers will soon hear the sad news that flights from one city to another will be canceled simply because there is no fuel in the tanks.<\/p>\n
Currently, the United States of America is blocking Iranian ports, while Tehran has responded by laying mines in the strait to limit tanker traffic.<\/p>\n
Navigation security in this area remains the weakest point of the supply chain. global. On the other hand, the head of the International Monetary Fund, Kristalina Georgieva, clarified that these disruptions will not disappear overnight, even if the war were to end tomorrow.<\/p>\n
A tanker ship moves slowly and it would take forty days to reach distant destinations like Fiji. This logistical delay means fuel shortages will be felt for months.<\/p>\n
Market economists such as Thomas Pugh note that while crude oil prices may fall, it is refined products that drive inflation. The last fuel tanker to pass through Hormuz docked in Europe last Saturday.<\/p>\n
Although Britain is trying to import more from America, it is not enough to fill the huge gap left by the eastern market. This situation has hit the airlines hard.<\/p>\n
The easyJet company reported that in the last month alone, fuel costs increased by twenty-five million pounds. They forecast a loss of between five hundred and forty and five hundred and sixty million pounds for the first six months, a significant increase over the three hundred and ninety-four million pounds of the previous year.<\/p>\n
Currently, the price per metric ton of fuel is about eight hundred dollars higher than before the start of the conflict, making the survival of small airlines almost impossible under these conditions. \/tesheshi.com\/<\/p>\n
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Source: prizrenpost<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The head of the International Energy Agency has issued a chilling warning today, stating that Europe may have six weeks of jet fuel left. This announcement comes at a critical moment for global security, where the executive director of this agency, Fatih Birol, emphasized that flight cancellations could start very soon if oil supplies remain […]<\/p>\n","protected":false},"author":1,"featured_media":31896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-31895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"views":26,"_links":{"self":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/31895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/comments?post=31895"}],"version-history":[{"count":1,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/31895\/revisions"}],"predecessor-version":[{"id":31897,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/31895\/revisions\/31897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/media\/31896"}],"wp:attachment":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/media?parent=31895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/categories?post=31895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/tags?post=31895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}