Europe only has six weeks of jet fuel supply left, energy chief warns

It has prompted fears of flight delays and cancellations for Britons as they prepare to travel for the half-term school break.Speaking from Paris on Thursday, Mr Birol said: “In the past there was a group called ‘Dire Straits’. It’s a dire strait now, and it is going to have major implications for the global economy. And the longer it goes, the worse it will be for the economic growth and inflation around the world.”The impact will be “higher petrol [gasoline] prices, higher gas prices, high electricity prices,” and will hit parts of the world “worse than others”, he said. Asian countries, including Japan, Korea, India, China, Pakistan, and Bangladesh, are expected to feel the biggest effects. Europe and the Americas will be next to follow if oil does not start flowing through the Strait of Hormuz, he said. “I can tell you soon we will hear the news that some of the flights from city A to city B might be cancelled as a result of lack of jet fuel.”