Iran War Disrupts Global Jet Fuel Supplies

Iran Conflict Disrupts Global Jet Fuel Supplies

• The Iran Airspace Closure market is priced at 31.5% YES, down from 34% in the last 24 hours and 41% a week ago.
• The Israel Airspace Closure market increased to 28.5% YES, up from 14% a day ago.
• Iran’s closure of the Strait of Hormuz has decreased tanker traffic by 70-80%, impacting Europe’s jet fuel supply.
• Ongoing conflict has led to flight cancellations, increased airfares, and rerouting due to airspace closures.

The Iran conflict has significantly disrupted global jet fuel supplies, with markets indicating moderate likelihoods of airspace closures in both Iran and Israel due to heightened tensions.