EU worries jet fuel supply situation to worsen this summer
Commercial supplies of jet fuel may worsen this summer despite the improving situation in the Strait of Hormuz, EU Energy Commissioner Dan Jorgensen has said.
Since June 15, traffic has been steadily increasing through the strait, which normally sees around a fifth of the world's oil and gas exports.
It has also increased since Iran and the U.S. signed a preliminary deal last week to end the conflict, the U.N.'s International Maritime Organization launching a plan to help ships and their sailors stranded by the conflict exit the Gulf.
Jorgensen said on June 26 that even with the pick up in maritime traffic through the strait it would take time for energy markets to recover.
