Hormuz Closure Disrupts 20% of Global Jet Fuel and Crude Oil Supplies

The closure of the Strait of Hormuz has driven global seaborne jet fuel exports to a 10-year seasonal low of 1.1 million barrels per day in April. Fatih Birol, Executive Director of the IEA, warned that Europe may have only about six weeks of jet fuel supply remaining, posing a critical risk to the aviation sector. This disruption continues to block one-fifth of global crude oil supplies from reaching international refineries, according to the Wall Street Journal. However, Vortexa expects a rebound in exports starting in May and June as Asian refiners ramp up output to capture high profit margins. Analysts remain focused on these geopolitical tensions, which could trigger significant price spikes in energy contracts. Markets are closely monitoring the duration of the crisis and its long-term implications for global supply chains and the economy.