JAKARTA - The Executive Director of the International Energy Agency (IEA), Fatih Birol, said the fuel crisis for avtur and diesel due to the Middle East conflict hit Asia and is expected to reach Europe in April or before May.
"The biggest problem today is the lack of jet fuel and diesel. This is the main challenge. We have seen it in Asia, but it will soon arrive, I think in April, it will arrive in Europe, or maybe early May," Birol said in a podcast with Nicolai Tangen. reported by ANTARA from Sputnik, Thursday, April 2.
He noted that the oil lost in April would be twice as large as in March. Therefore, he said, this situation would cause inflation and slow economic growth in many regions, especially in developing countries and developing countries that have foreign exchange constraints.
At the same time, the CEO of the German airline group Lufthansa, Carsten Spohr, also warned of the threat of jet fuel shortages, especially outside Europe, due to supply disruptions caused by the conflict in the Middle East.
On February 28, the United States and Israel launched an attack on a number of targets in Iran, including in Tehran, which caused damage and civilian casualties. Iran then retaliated, attacking Israeli territory and US military facilities in the Middle East.
Escalation around Iran has led to a de facto blockade of the Strait of Hormuz, the main route for the shipment of oil and liquefied natural gas from Persian Gulf countries to global markets. The situation also impacts the level of oil exports and production in the region, thus driving up prices.
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