Trump says that the United States has a large supply of aviation fuel for Europe, but the market does not agree.
U.S. President Trump told countries struggling to get aviation fuel due to Iran's blockade of the Strait of Hormuz this week to buy aviation fuel from the U.S., but analysts believe there is a major problem with his suggestion: the U.S. cannot fill the global aviation fuel gap. "We've got it," Trump wrote on Truth Social on Tuesday. Data from the U.S. government shows otherwise. Data from ship tracking service company Kpler shows that about 500,000 barrels of aviation fuel are exported from the Strait of Hormuz each day, mainly heading to Europe, with some also going to Asia and Africa. Meanwhile, data from the U.S. Energy Information Administration's statistics department show that last year, the average total U.S. aviation fuel exports were 219,000 barrels per day. Kpler analyst Smith said, "The likelihood of the U.S. replacing the supply from the Strait of Hormuz is very, very small."
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