Jet fuel prices jump 50% amid Middle East export disruptions

04/03/2026 Argaam

Jet fuel prices surged in recent days, hitting their highest levels in Europe since the start of the Russia-Ukraine war in 2022, as Middle East energy exports were disrupted.

 

Jet fuel in Europe rose to $1,222.25 a ton on Tuesday, jumping about 48% in just two days, Bloomberg reported.

 

The jet fuel premium over crude in Northwest Europe also climbed above $70 a barrel, the highest on record in data tracked by General Index since 2008.

 

The European Union relies on the Strait of Hormuz for about 50% of its jet fuel imports, compared with only 12% for diesel, leaving the aviation sector most exposed to the war’s impact.

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