IEA chief warns Europe may face jet fuel shortages within weeks due to Strait of Hormuz disruption — shortage and inflationary pressures are mounting.

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Hormuz blockade announcement triggers immediate diversion of LNG tankers toward longer Cape routes
Freight rates for Aframax class vessels are showing a non-linear decoupling from crude prices.
Remember the 2021 Suez blockage where logistics costs stayed elevated for months after the ship moved? Why is the market pricing this as a one-week event when the supply chain lag is permanent?

Reported delivered oil cost reaches $286 per barrel in Sri Lanka while Brent trades near $95 due to freight insurance and rerouting premiums.

Bankrupt Spirit Airlines “could liquidate as early as this week,” according to a new CNBC report. The troubled carrier, stuck in years of turbulence, has failed to emerge from its second bankruptcy in less than a year and is now being squeezed by soaring jet fuel costs.

https://www.zerohedge.com/markets/bankrupted-spirit-airlines-faces-imminent-liquidation

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