image sourced from original article at The head of the International Air Transport Association said that jet fuel supplies could take months to stabilize even if Iran reopens the Strait of Hormuz. Although crude oil prices have fallen below 100 dollars per barrel following a proposed two week ceasefire, disruptions to Middle East refining capacity are expected to keep jet fuel costs elevated.
Airlines across Asia have responded to the supply squeeze by cutting flights, carrying additional fuel from departure airports, and adding refueling stops. The situation has intensified financial pressure on carriers already dealing with sharply higher fuel prices.
Lower income and import dependent markets such as Vietnam, Myanmar, and Pakistan have been hit hardest after China and Thailand halted jet fuel exports and South Korea limited shipments. Industry leaders said that once crude flows resume, refining capacity is available, but restoring normal supply levels will take time as refineries ramp up production.
