The International Energy Agency (IEA) has issued a stark warning regarding Europe's jet fuel supply, stating that the continent may have only six weeks of fuel left if current disruptions continue due to the ongoing Iran war. IEA Executive Director Fatih Birol described this situation as one of the largest energy crises in history, with significant implications for global economic growth and inflation. As oil and gas supplies are restricted through the Strait of Hormuz, Europe faces potential flight cancellations due to reduced jet fuel availability. Birol emphasized that no country will be immune to the crisis, although developing nations in Asia, Africa, and Latin America are expected to be hit hardest. The situation is exacerbated by over 110 oil tankers and 15 liquefied natural gas carriers being stuck in the Persian Gulf, unable to navigate freely. Even if tensions ease, recovery for the energy sector could take up to two years, as many facilities have sustained severe damage.