The jet fuel crisis is a direct consequence of the US-Iran conflict, which has disrupted global supply chains and caused jet fuel prices to double since the outbreak of hostilities. According to Cirium data, airlines have reduced their planned capacity for May by 3%, with the International Energy Agency warning that Europe may have only six weeks of jet fuel supply left. The head of the Gas Exporting Countries Forum indicated that the conflict has already knocked out over 500 million barrels of crude from the global market, marking it as the largest energy supply disruption in modern history.
BUSINESSPublished 23 Apr 2026 • Published 1 day ago • Updated 1h ago
Jet Fuel Crisis Impacting Airlines Amid US-Iran Conflict
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As of April 22, 2026, the ongoing Iran conflict has led to a severe jet fuel crisis, prompting 19 of the world's 20 largest airlines to cut flights significantly. Lufthansa alone has canceled 20,000 flights to conserve fuel, reflecting the broader turmoil in the aviation industry as jet fuel prices have surged to nearly $200 a barrel.
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