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Asia's Jet Fuel Crisis: War Disrupts Aviation Fuel Supply

New York Times Business •
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A Middle East conflict has triggered an unprecedented jet fuel crisis across Asia, with prices surging to record highs above $200 a barrel. Airlines have canceled thousands of flights, stranding passengers as major suppliers like China, South Korea, and Thailand restrict exports. Air New Zealand alone canceled about 1,100 flights through early May as it struggles to secure fuel.

Energy experts warn this is a preview of broader fuel shortages if the war continues. Unlike gasoline or diesel, jet fuel requires specialized storage and cannot sit for long periods without degrading, leaving little buffer when supplies tighten. Countries that refine crude oil are often not the ones that consume it - South Korea, for instance, exports jet fuel but depends on Middle Eastern crude imports through the Strait of Hormuz.

Vietnam faces the most acute crisis, importing nearly three-quarters of its aviation fuel from China and Thailand. The government has urgently appealed to regional partners for help, warning shortages could emerge as early as April. Australia, which imports 90% of its fuel, has seen demand more than double in some regions. Prime Minister Anthony Albanese announced a fuel security task force while reassuring the public that supplies remain stable despite panic buying.