International Energy Agency (IEA) chief Fatih Birol has warned that Europe’s jet fuel reserves may last only about six weeks. In an interview with the Associated Press, Birol said that the ongoing conflict involving the United States, Israel, and Iran has disrupted oil supplies, raising the risk of flight cancellations across Europe. He noted that the closure of the Strait of Hormuz could trigger one of the most severe global energy crises to date.

Birol emphasized that the situation could have a significant impact on the world economy. The longer the disruption continues, the more global economic growth may slow, while inflation could rise. He also cautioned that the crisis could lead to sharp increases in energy prices, including petrol, gas, and electricity.

The IEA chief further warned that if the Middle East conflict persists, volatility in global energy markets will intensify, affecting multiple sectors of the world economy.