How the jet fuel 'crisis' could ruin your holiday | Global News Podcast

The US-Israel war with Iran - and the dual blockades of the Strait of Hormuz by Washington and Tehran - have caused the price of jet fuel to surge, and left some in the transport industry warning of global shortages in the weeks ahead. The BBC's transport correspondent Theo Leggett tells us what this could mean for travellers, as millions of people prepare to take their summer holidays. Several airlines have raised the price of seats, while others have begun cancelling flights. The German airline Lufthansa has announced it will cut 20,000 European short-haul flights over the summer, saying that rising fuel costs mean the journeys would no longer be profitable. The head of the International Air Transport Association Willie Walsh has said that flight cancellations due to fuel shortages are already being seen in parts of Asia - which relies heavily on fuel from the Gulf - and could happen in Europe by the end of May. The European Union's energy commissioner Dan Jorgensen has said Europe is already experiencing "a crisis of prices and not yet a crisis of supply, but unfortunately we cannot be sure to prevent a crisis of supply. New episodes of the Global News Podcast are published twice a day. You can listen here: https://link.mgln.ai/GNP-YT And you can find more of our Youtube episodes here: https://bbc.in/GlobalNewsPodcast Subscribe to our channel here: https://bbc.in/bbcnews For the latest news download the BBC News app or visit BBC.com/news #bbcnews PHOTO: EPA/Shutterstock

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