South Korea boosts jet fuel exports to Europe as Iran war disrupts Middle East supply

Europe is facing a Q4 jet fuel deficit and is turning to South Korea, which is set to ship a four-year high volume of jet fuel to Europe in September. The Iran war has cut off roughly half of Europe's jet imports from the Middle East, forcing reliance on distant suppliers like Nigeria, the US, and Canada. This shift highlights supply-chain reconfiguration and potential price pressure in the jet fuel market.