Europe has enough jet fuel for “six weeks, or something like that,” says Fatih Birol, Executive Director of the International Energy Agency (IEA). He told the AP agency that the current scenario raises the risk of airlines needing to cancel flights “soon” if the supply of aviation fuel remains low. He noted that this is “the biggest energy crisis we have ever faced.” The blockade of the Strait of Hormuz is a key factor. “The situation is truly critical and will have major implications for the global economy,” he stressed. As the war drags on, “economic growth and inflation” worsen, he noted, before giving examples of the direct consequences for companies and consumers. The scenario will therefore involve “higher gasoline prices, higher gas prices, high electricity prices,” he added. The war is affecting aviation fuel supplies, and airlines are pressuring the EU to intervene.