Jet fuel bidding war breaks out as airlines confront ‘global stress test’ over shortages and cancellations

Europe is urgently turning to alternative suppliers of jet fuel as imports from the Middle East remain knocked out — but the continent must "fight for every cargo" in what analysts have dubbed a "global stress test" for the airline industry. The loss of Middle Eastern jet fuel because of the Iran war is quickly becoming an acute logistics problem for Europe, according to analysts at Societe Generale. …