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

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

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

According to estimates by the energy institute Spekts, Europe faces a shortfall of nearly 600,000 barrels per day in the third quarter; meanwhile, the United States and Asia-Pacific have a surplus of supply. Europe’s stocks are 38 million barrels, while the United States has 99 million barrels.

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