Goldman Sachs warns UK faces jet fuel rationing as Strait of Hormuz closure threatens supply
By
Jamie Young
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
Goldman Sachs warns that the UK is Europe's most vulnerable economy to a deepening jet fuel crisis caused by the prolonged closure of the Strait of Hormuz. Commercial fuel inventories in Britain could fall to critically low levels within weeks, potentially leading to formal rationing measures. This would result in soaring travel costs, disrupted supply chains, and significant pressure on airlines, freight operators, and SMEs throughout the summer.
Key quotes
· 3 pulledBritish businesses face a summer of soaring travel costs and disrupted supply chains as the United Kingdom emerges as the European economy most vulnerable to a deepening jet fuel crisis
commercial fuel inventories in Britain could fall to 'critically low levels' within weeks
raising the prospect of formal rationing measures that would squeeze airlines, freight operators and the th
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