The fate of the summer jet fuel market hinges on whether the Strait of Hormuz will reopen before peak demand kicks in. Thursday’s Opis-hosted webinar was billed as the European jet market bracing for its most difficult summer yet, but speakers who assumed the Mideast crisis would soon be resolved refuted that title. Key speaker Jeffrey McGee, a respected oil analyst and founder of Makai Marine Advisors, went out of his way to demonstrate how Europe “will probably muddle through” the summer without Mideast Gulf jet fuel supplies thanks to a herculean effort by the region's own refiners, a surge in alternative imports from the US and Nigeria, and only a “small amount of demand destruction.”