Europe, with coverage of demand in less than 30 days, is the most vulnerable major market for jet fuel in the event of heightened tensions in the Middle East.

Europe, with coverage of demand in less than 30 days, is the most vulnerable major market for jet fuel in the event of heightened tensions in the Middle East.

Reuters said the UK, France, and Germany face the greatest risk due to their reliance on shipments transiting through the Strait of Hormuz.

According to an estimate by the energy institute Spectis, Europe will face a shortfall of nearly 600,000 barrels per day in the third quarter; while the United States and Asia-Pacific have a surplus of supply. Europe’s reserves are 38 million barrels and the United States’ are 99 million barrels.

The EU energy commissioner said that, if needed, the release of the member states’ national reserves would be coordinated.