Ryanair chief executive Michael O’Leary has warned that jet fuel supplies could face disruption from May if the ongoing conflict in Iran continues. Speaking to Sky News, O’Leary said fuel companies are confident there will be no disruption until early May, but if the war persists, Europe could face supply disruptions in May and June.
O’Leary estimated that 10 to 25 per cent of supplies might be at risk during that period if the conflict continues and the Strait of Hormuz remains blocked. He expressed hope that the war would end sooner, eliminating the risk to supply.
Irish premier Micheál Martin described the timeframe for a potential US withdrawal as “too long”, noting that the Irish government is pressing for an early end to the war. He highlighted the “very serious” threat of jet fuel supply interruptions due to Iran’s blockade of the Strait of Hormuz.
Ireland’s Transport Minister, Darragh O’Brien, said the issue was discussed at a meeting of EU energy ministers. He noted that the EU is acutely aware of the risks, given the significant portion of jet fuel that transits the Strait of Hormuz. European Commission president Ursula von der Leyen is expected to unveil a package of energy measures next Wednesday, including provisions for aviation.
O’Brien emphasised the importance of protecting jobs and livelihoods, while acknowledging that not every cost increase can be softened. He added that Ireland has flexibility to intervene further if needed.
