What is driving the recent surge in jet fuel prices and the resulting supply shortages in Italy? The answer lies in a combination of geopolitical tensions and localized supply chain issues.
As of early April 2026, the price of jet fuel in the U.S. nearly doubled, rising from $2.50 a gallon on February 27 to $4.88 a gallon. This dramatic increase is largely attributed to the effective closure of the Strait of Hormuz, which has been choking off supplies of both crude and refined products like jet fuel.
In Italy, four airports—Milan’s Linate, Venice, Treviso, and Bologna—experienced a temporary jet fuel shortage, prompting concerns among airlines about potential flight cuts. Local suppliers have since resolved the issue, with the SAVE Group confirming that fuel supply is now fully under control and that there are no critical issues affecting either supplies or flight operations.
The situation in Italy is reflective of broader trends in Europe, where more than half of jet fuel imports come from the Middle East. The ongoing geopolitical tensions, particularly following the U.S. and Israel’s attack on Iran on February 28, 2026, have exacerbated the supply challenges.
Air BP, one of the key suppliers, reported a delayed cargo that contributed to the temporary shortage. However, details remain unconfirmed regarding the specific cause of this delay.
Scott Kirby, CEO of United Airlines, highlighted the vulnerability of fuel prices, stating, “There’s not enough refining capacity, and so fuel price prior to this and going forward is more susceptible to supply weakness on the West Coast than anywhere else in the country.” This sentiment underscores the fragility of the current fuel supply landscape.
As airlines navigate these challenges, the potential for further disruptions remains. The impact of localized issues in Europe in May is still uncertain, leaving stakeholders on alert.
In summary, while immediate concerns over jet fuel supply at Italian airports have been addressed, the broader implications of rising prices and geopolitical tensions continue to loom large in the aviation sector.
