15:46 - 8.04.2026

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April 8, Fineko/abc.az. It will take several months to restore the normal level of global aviation fuel supplies after the opening of the Strait of Hormuz.

ABC.AZ reports that Willie Walsh, Director General of the International Air Transport Association (IATA), which unites more than 360 airlines, made this statement on April 8, the New York Times (NYT) writes.

Due to problems at refineries, he expects lower crude oil prices, although aviation fuel prices will remain high.

Iran effectively closed the Strait of Hormuz after the start of the US operation on February 28, through which nearly 15 million barrels of oil and 5 million barrels of petroleum products passed daily. This caused prices to rise and a $2 million toll to be imposed for passage, creating a "safe corridor" for approved vessels only; at least 40 ships have passed through the strait in the last month.

Against this background, in early April, prices for aviation and diesel fuel in Northwestern Europe exceeded $1,900 and $1,600 per ton, respectively, setting new historical highs.

Politico reports that due to the closure of the Strait of Hormuz, European airports may face fuel shortages. Airports in the UK, France and Portugal are particularly vulnerable.