Europe’s airports association warned of a risk of “systemic shortages” of kerosene If maritime traffic is not restored in the Strait of Hormuz over the course of the next three weeks, according to a letter consulted by AFP on Friday.
In the letter addressed to the European Commission and revealed by the Financial Times, the European airports lobby ACI Europe states that a “Systemic kerosene shortage will become a reality” in the European Union “if passage through the Strait of Hormuz does not resume in a stable and significant manner in the next three weeks.”
This association, which represents some 600 airports in some 50 countries, demands that Brussels “urgently monitor availability and supply” for the next six months.
The price of kerosene has skyrocketed due to the war in the middle east and the blockade of the Strait of Hormuz, a key point for hydrocarbon transportation.
The conflict broke out on February 28 after Israeli-American bombings against Iran.
Tehran responded—among other measures—by blocking the maritime traffic in the Strait of Hormuz, through which around 20% of the oil, kerosene and gas used in the world transits.
Since Tuesday night, a fragile cease-fire.
The conflict has caused a sharp increase in the price of kerosene, even greater than that of crude oil.
On all continents, numerous airlines have increased their fares and suspended flights, either for safety or profitability reasons.
