18th April 2026
EP Report
It will take months for jet fuel supplies and prices to normalize even with the Strait of Hormuz open, the head of the International Air Transport Association (IATA) said recently.
The Strait of Hormuz, a vital shipping route for oil, has been virtually paralyzed for weeks by the Middle East war, pushing up prices for crude and related products.
IATA director general Willie Walsh told reporters in Singapore it was difficult to say how long fuel supplies would take to recover, but "it's not going to happen quickly".
"It will still take a period of months to get back to where supply needs to be given the disruption to the refining capacity in the Middle East," he said.
"I don't think it's going to happen in weeks," Walsh added.
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