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Europe is facing a shortage of jet fuel supplies, with stocks falling below 30 days, and an estimated deficit of around 600,000 barrels per day in the third quarter due to increased imports and higher production following a partial shutdown of the Strait of Hormuz. Although imports rose to 673,000 barrels per day in June from various sources, including the United States and Canada, their reliance on Middle Eastern fuel imports still exposes them to risks from regional threats. It is expected that the ongoing shortage will lead to disruptions in jet fuel supplies during the summer holiday season.
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