Commercial supplies of jet fuel may worsen this summer despite the improving situation in the Strait of Hormuz, EU Energy Commissioner Dan Jorgensen said Friday.

Volumes have yet to start flowing through Hormuz, but traders are hopeful cargoes will arrive in time to stave off a full-blown crisis.

Airlines are set to encounter significantly lower fuel costs due to the interim U.S.-Iran peace agreement, but travelers are unlikely to experience immediate financial relief.…

Commercial supplies of jet fuel may worsen this summer despite the improving situation in the Strait of Hormuz, EU Energy Commissioner Dan Jorgensen said Friday.

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.