Europe Jet Fuel Shortage Possible by June

IEA warns Europe may face physical jet fuel shortages as early as June if only 50% of Middle East supplies are replaced due to the Iran war.
Europe imports 375,000 bpd (75%) of its jet fuel from the Middle East, the highest regional dependency.
Stocks would fall below the critical 23‑day demand‑cover level in June, whereas they have stayed above 29 days since 2020.
If only 75% of Middle East volumes are replaced, the 23‑day threshold would be breached by August; full replacement would avoid shortages.