Hormuz crisis exposed fragility of how the world keeps planes flying
“The US is in decent shape — it can cover its own needs. Europe is much more exposed as a net importer, and Asia is also vulnerable.” — James Noel-Beswick, Head of Commodities at Sparta Commodities
- Expert: James Noel-Beswick (Head of Commodities, Sparta)
- Publication: Bloomberg
- Market Focus: Jet Fuel, Kerosene, Refining Economics, Supply Chain Risk
- Geographies: Europe, Asia, Middle East, US
In a recent analysis for Bloomberg, Sparta’s Head of Commodities, James Noel-Beswick, breaks down regional vulnerabilities to jet fuel supply following the Hormuz crisis. The US is self-sufficient and insulated from disruption, but Europe—which relies on more than 50% imports, with 60% historically flowing through Hormuz—faces critical exposure. Asia faces a double squeeze: lost Gulf supply redirected east and Asian refineries themselves forced to export crude westward, further tightening regional fuel balances. Traders should monitor European refinery utilisation and watch whether Gulf producers can ramp output fast enough to relieve European and Asian tightness.
Read the full article in Bloomberg
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