Trump says US has plenty of jet fuel for Europe, market disagrees [View all]

Source: Reuters

NEW YORK, April 1 (Reuters) - President Donald Trump this week told countries struggling to get jet ​fuel due to Iran's blockade of the Strait of Hormuz to buy from the U.S., but analysts say there is ‌a major problem with his advice: the U.S. can't cover the global shortfall.
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About half a million barrels a day of jet fuel is exported out of the Strait of Hormuz, mainly to Europe and some ​to Asia and Africa, data from vessel-tracking service Kpler shows.

Total U.S. jet fuel exports, meanwhile, averaged 219,000 bpd last year, data ​from the Energy Information Administration, the Department of Energy's statistical arm, shows.

"It is very, very, very unlikely ⁠that the U.S. can replace the Strait of Hormuz supply," Kpler analyst Matt Smith said.

Read more: https://www.reuters.com/business/energy/trump-says-us-has-plenty-jet-fuel-europe-market-disagrees-2026-04-02/