Insight
Strait of Hormuz disruption: a perfect storm for European middle distillates
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Europe faces an unprecedented diesel and jet fuel crisis. The March 2026 Strait of Hormuz closure has severed Persian Gulf supplies that provided 60% of Europe's jet fuel and 30% of its diesel—the same supplies that replaced Russian imports banned in 2023. Europe has now lost both its primary and previous supply sources within three years. This analysis examines Europe's exposure, the cascade effect through India's compromised refining capacity, and why alternative solutions fall short.
Table of contents
- Our take
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Downstream of Hormuz: who's exposed, who benefits, and where's the relief?
US downstream insulated, Asia exposed, and inventory relief slow to arrive
$900
Insight
Middle East conflict impact on Asian oil markets
Strait of Hormuz disruption forces Asian refiners to slash runs —India faces deepest cuts amid inventory crunch
$900
Insight
LNG short-term webinar: March 2026
Our latest views on the Middle East Conflict and its impacts on the Global Gas & LNG Markets.
$1,050
