"Commodity" IATA: Refining capacity in the Middle East continues to experience disruptions, and aviation fuel supply will take several months to recover

AASTOCKS
2026.04.08 05:43

Willie Walsh, Director General of the International Air Transport Association (IATA), stated that even if Iran reopens the Strait of Hormuz, it will take several months for aviation fuel supply to recover due to disruptions in Middle Eastern refining capacity.

Earlier, U.S. President Trump indicated that the U.S. and Iran agreed to a two-week ceasefire, contingent upon the immediate and safe reopening of the Strait of Hormuz. International oil prices fell approximately 15% today (the 8th).

Walsh noted that while crude oil prices are expected to decline, aviation fuel costs may remain slightly elevated due to the continued impact on refineries, as Middle Eastern refining capacity is a critical part of global refined oil supply, including not only aviation fuel but also other products. He further expressed hope that when crude oil begins to flow again, China and South Korea will also be able to resume exporting refined oil

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