Even with Hormuz reopened, jet fuel supplies won’t recover for months, IATA warns

The head of the International Air Transport Association (IATA), Willie Walsh, stated on Wednesday that it would take months for jet fuel supply to recover, even if Iran reopened the Strait of Hormuz. This is due to disruptions in refining capacity in the Middle East. Jet fuel is the second-largest cost for airlines after labor, [] The post Even with Hormuz reopened, jet fuel supplies won’t recover for months, IATA warns appeared first on Modern Diplomacy.