EU to Step Up Measures to Address Risk of Jet Fuel Shortfall

The European Union will propose measures to “optimize” jet fuel distribution among member states and help source alternative supplies, with energy flows through the Strait of Hormuz still at a standstill.

The European Commission, the bloc’s executive arm, will announce Wednesday that it will propose these measures as early as next month, according to a draft document seen by Bloomberg. Around 40% of the bloc’s jet fuel is imported and half of that comes through Hormuz.