Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Airlines urge EU to step in as Iran war chokes jet fuel supply
    Finance

    Airlines Urge EU to Step in as Iran War Chokes Jet Fuel Supply

    Published by Global Banking & Finance Review®

    Posted on April 14, 2026

    2 min read

    Last updated: April 14, 2026

    Add as preferred source on Google
    Airlines urge EU to step in as Iran war chokes jet fuel supply - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:FinanceBankingMarkets

    Quick Summary

    European carriers, led by A4E and ACI Europe, implore the EU for emergency action—including monitoring jet fuel stocks, suspending aviation carbon charges, and exploring joint kerosene buying—to avert looming shortages triggered by the Iran war and Strait of Hormuz closure.

    European Airlines Push EU for Emergency Action on Jet Fuel Shortages Caused by Iran War

    Airlines Urge EU Intervention Amid Jet Fuel Crisis

    By Kate Abnett

    Impact of Iran War on European Aviation

    BRUSSELS, April 14 (Reuters) - European airlines have urged the European Union to step in with emergency measures to tackle repercussions from the Iran war, including widespread airspace closures and mounting concerns over jet fuel shortages, a document seen by Reuters showed.

    Industry Demands for Crisis Response

    Industry group Airlines for Europe (A4E) has requested that the EU introduce a raft of crisis response measures, including EU-level monitoring of jet fuel supplies, a temporary suspension of the EU's carbon market for aviation, and scrapping certain aviation taxes, it said in the document.

    Airspace Closures and Fuel Supply Risks

    The aviation sector has been hit by airspace closures since the U.S.-Israeli war on Iran began on February 28, with the European Union ⁠Aviation Safety Agency banning European airlines from operating in the airspace of several Gulf countries, including the UAE and Qatar until April 24.

    The sector is also staring at a jet fuel crunch after the closure of the Strait of Hormuz. Last week, industry group Airports Council International Europe (ACI) warned that Europe could face a systemic jet fuel shortage ​in three weeks. 

    Proposed Solutions and Policy Changes

    The A4E document urged Brussels to consider joint EU purchasing of kerosene, which is a form of jet fuel.

    The EU introduced joint natural gas buying to attempt to shore up supplies, after Russia slashed gas deliveries to Europe in 2022. However, the model has not been applied to oil or kerosene so far.

    A4E, whose members include Lufthansa, Air France-KLM and easyJet, also urged the EU to amend its legal requirement for countries to maintain 90 days of emergency oil reserves as this currently does not include a specific requirement on jet fuel.

    The document also asked for clarification on existing legislation, including confirmation that airspace closures due to conflict and resulting operational effects will be considered as justified non-use of slots.

    EU Response and Next Steps

    The European Commission has said it will propose a package of measures on April 22 to attempt to offset the fallout of the Iran war in energy markets, but has not confirmed if this will include specific measures on jet fuel.

    (Reporting by Kate Abnett; Editing by Janane Venkatraman)

    References

    • European Airlines Face Earnings Pressure as Jet Fuel Prices Surge - Bloomberg
    • European airports ‘face jet fuel shortages within three weeks’; Irish army called in over fuel protests - business live | Business | The Guardian
    • Oil and gas prices won't immediately return to normal even if the Iran war ends, the EU warns

    Table of Contents

    • Airlines Urge EU Intervention Amid Jet Fuel Crisis
    • Impact of Iran War on European Aviation
    • Industry Demands for Crisis Response

    Key Takeaways

    • •Jet fuel prices in Europe have surged—nearly doubling—and many airlines remain under‑hedged, risking major earnings pressure and fare hikes (bloomberg.com).
    • •Airports Council International Europe warns of a systemic jet fuel shortage within weeks if Strait of Hormuz supply doesn’t resume, potentially disrupting summer flights (theguardian.com).

    Frequently Asked Questions about Airlines urge EU to step in as Iran war chokes jet fuel supply

    1Why are European airlines concerned about jet fuel shortages?

    European airlines are facing possible jet fuel shortages due to the Iran war, which has disrupted supplies and led to airspace closures.

    2What measures have airlines requested from the EU?

    Airlines have requested the EU monitor jet fuel supplies, suspend the carbon market for aviation, remove certain aviation taxes, and consider joint EU purchasing of kerosene.

    Airspace Closures and Fuel Supply Risks
  • Proposed Solutions and Policy Changes
  • EU Response and Next Steps
  • •A4E urges EU to adopt crisis measures: monitor jet fuel stocks, pause aviation carbon market, scrap relevant taxes, consider joint kerosene procurement, and broaden emergency reserve rules to include jet fuel (apnews.com)
  • 3How has the Iran conflict affected European aviation?

    The conflict has caused widespread airspace closures and a looming jet fuel crunch, impacting airline operations across Europe.

    4Which countries' airspace have European airlines been banned from?

    European airlines are currently banned from operating in the airspace of several Gulf countries, including the UAE and Qatar.

    5When will the European Commission propose its crisis response?

    The European Commission has announced it will propose a package of countermeasures on April 22.

    More from Finance

    Explore more articles in the Finance category

    Image for UK's Morrisons says 200 jobs at risk from head office restructure
    UK's Morrisons Says 200 Jobs at Risk From Head Office Restructure
    Image for Euro zone faces big growth hit even if Iran war quickly resolved, IMF says
    Euro Zone Faces Big Growth Hit Even if Iran War Quickly Resolved, IMF Says
    Image for IMF cuts growth forecasts for Germany as Iran war pushes up inflation
    IMF Cuts Growth Forecasts for Germany as Iran War Pushes up Inflation
    Image for IMF cuts growth outlook, warns of potential global recession if Iran war worsens
    IMF Cuts Growth Outlook, Warns of Potential Global Recession if Iran War Worsens
    Image for Long Iran war may require painful central bank tightening, IMF chief economist says
    Long Iran War May Require Painful Central Bank Tightening, IMF Chief Economist Says
    Image for UK hit with big IMF growth downgrade as Iran war fuels inflation
    UK Hit With Big IMF Growth Downgrade as Iran War Fuels Inflation
    Image for Two arms brokers on trial in UK for missiles and fighter jet deals with Libya and Sudan
    Two Arms Brokers on Trial in UK for Missiles and Fighter Jet Deals With Libya and Sudan
    Image for Pro-EU Tisza government will be credit positive for Hungary, Moody's says
    Pro-EU Tisza Government Will Be Credit Positive for Hungary, Moody's Says
    Image for BP's new CEO to overhaul company into two units, FT reports
    BP's New CEO to Overhaul Company Into Two Units, Ft Reports
    Image for Aid groups use land routes to deliver humanitarian relief to Iran
    Aid Groups Use Land Routes to Deliver Humanitarian Relief to Iran
    Image for Analysis-PepsiCo faces pressure to show Elliott-triggered turnaround is working
    Analysis-PepsiCo Faces Pressure to Show Elliott-Triggered Turnaround Is Working
    Image for Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Starlink
    Amazon Signs $11.57 Billion Deal for Satellite Firm Globalstar to Challenge Starlink
    View All Finance Posts
    Previous Finance PostBmw Deliveries Slide in Q1 as China, US Weakness Outweighs Europe Growth
    Next Finance PostUK Product Testing Firm Intertek Weighs Break Up, Shares Jump