(Photo: Gareth James via Wikimedia Commons)The aviation crisis starting to grip Asia is threatening to intensify and spread to Europe and beyond, as energy turmoil caused by the Iran war collides with seasonal travel demand. The amount of jet fuel lost because of the conflict is ultimately too much for the world’s refiners to offset. Total jet fuel demand amounted to 7.8 million barrels a day last year, including kerosene — the base product, which is also used for heating. Equivalent to $215 a barrelThe result so far has been jet fuel prices surging to record highs, with some costs doubling since the start of the year. On top of China’s move to curb exports, South Korea is discussing whether to redirect export-bound jet fuel to the local market.

Source: Bangkok Post March 28, 2026 11:45 UTC