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With the straight of Hormuz closed for nearly 10 weeks,

much of the world is running out of jet fuel,

and summer vacation plans could be disrupted, energy experts told Forbes.

Europe's jet fuel inventories are expected to dip below the International Energy Agency's

critical 23-day shortage threshold sometime in June, according to a recent Goldman Sachs

research note to investors. In mid-April, the head of the International Energy Agency warned that Europe had, quote,

maybe six weeks of jet fuel left, and poorer countries in Asia, Africa, and Latin America

would feel the impact even sooner.

According to a forecast from Syria in April, global air carriers are set to face a notable

decline in both passenger volume and available seats throughout 2026.

The organization cautioned that as the conflict persist and fuel costs stay elevated, the resulting

repercussions are likely to become increasingly

severe and long-lasting."

Quote, it's not going to be a short-term issue because it can't be easily solved.

...