Scramble for jet fuel shows how energy shortages are rippling across Asia
“We’re peering into what our gasoline and diesel future is going to look like if this doesn’t get resolved,” said James Noel-Beswick, Head of Commodities at Sparta Commodities. “Jet is kind of a canary in the coal mine.”
New York Times, 20 March 2026 – Asia’s jet fuel crisis is deepening three weeks into the Middle East war. Prices have hit a record $200/barrel — more than double pre-war levels — as China, South Korea and Thailand restrict refined product exports and import-dependent countries scramble for supply. Airlines have canceled thousands of flights across the region. The jet fuel crunch is the first visible crack in a supply chain under extreme pressure, with gasoline and diesel potentially next.
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