The International Energy Agency (IEA) has issued a stark warning that Europe could exhaust its jet fuel supplies in as little as six weeks due to ongoing disruptions stemming from the Middle East crisis. IEA Executive Director Fatih Birol described the blockade of the Strait of Hormuz as potentially leading to the largest energy crisis in history, significantly affecting global economic growth and inflation. Birol noted that the longer the crisis persists, the more severe the economic repercussions will be, including rising prices for petrol, gas, and electricity. He emphasized that some regions would be hit harder than others, with energy rationing becoming a possibility in many countries, particularly emerging economies. Analysts have echoed these concerns, highlighting that the situation for airlines heavily relies on the flow of oil through the Strait. As supplies dwindle, the impact on the global economy could be profound, with predictions of higher inflation and constrained economic growth.