11 Days
Source:
عربية – DW
Iranian War Causes Historic Drop in European Aircraft Fuel Reserves
Europe is experiencing a record decline in aircraft fuel inventories, which totaled 38 million barrels at the beginning of June. This level covers less than 30 days of demand, making the region more vulnerable due to ongoing tensions in the Middle East. Despite importing fuel from the United States and Asia and increasing refinery production, Europe remains heavily reliant on shipments passing through the Strait of Hormuz, which was partially reopened in June following an agreement between Washington and Tehran on a ceasefire. It is expected that the third quarter will see a supply deficit of approximately 600,000 barrels per day in Europe.
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