UK is most vulnerable European country to jet fuel shortages, Ryanair boss says

Michael O’Leary says UK’s reliance on Kuwait for jet fuel supply amid Iran war exposes it to possible shortages The UK is the most vulnerable country in Europe to potential jet fuel shortages as the Iran war throttles supplies from the Gulf, the boss of Ryanair has said. Michael O’Leary, the chief executive of the budget airline, said Britain would be the most exposed to jet fuel shortages because it relies on Kuwait for about 25% of its supply. “Of all the European countries at the moment, the one that is most vulnerable is the UK because of the market share that the Kuwaitis have here,” he said. “There could be a surplus of jet A-1 fuel in the Middle East, but you have still got to ship it to Europe and we don’t know when or how that happens.” Airlines around the world have been forced to cancel some flights after the war in Iran triggered a surge in jet fuel prices. Last week jet fuel averaged at $195 a barrel, according to the International Airport Transport Association, more than double the average last year. Prices have risen due to the strait of Hormuz being in effect closed. More than a fifth of the world’s oil normally passes through the strait. Oil prices did ease back on