TechFlow News, April 02: U.S. President Trump told countries struggling to secure jet fuel due to Iran’s blockade of the Strait of Hormuz that they could purchase supplies from the United States. However, analysts say his suggestion faces a major problem: the U.S. cannot fill the global supply gap. Data from ship-tracking firm Kpler shows approximately 500,000 barrels of jet fuel are exported daily through the Strait of Hormuz—primarily to Europe, and partially to Asia and Africa.
Meanwhile, data from the U.S. Energy Information Administration (EIA) indicates that the U.S. averaged 219,000 barrels per day of jet fuel exports last year. Kpler analyst Matt Smith stated: “The likelihood of the U.S. replacing Strait of Hormuz supplies is extremely, extremely, extremely low. Even if the U.S. had ample jet fuel, it also has a large number of airlines.” Furthermore, most U.S. jet fuel is produced along the Gulf Coast, while major demand centers on the East and West Coasts have historically relied on imports to meet their needs. (Jinshi)
