IATA chief says if Hormuz Strait were to reopen, it will still take a period of months to get where jet fuel supply needs to be
Context
The IATA chief's comments highlight the ongoing supply chain challenges for jet fuel should the Hormuz Strait reopen. This indicates that even with improved access, it won't quickly resolve current supply shortages, which could keep jet fuel prices elevated in the near term, affecting airlines and potentially the broader energy market.
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