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| HSCEI1 | 8,677.31 | 0.00 | -- |
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2026-04-08 13:43:32 Willie Walsh, Director General of the International Air Transport Association (IATA), stated that even if Iran reopens the Strait of Hormuz, aviation fuel supply will still take several months to recover due to disruptions in Middle East refining capacity. Earlier, US President Donald Trump said that the United States and Iran agreed to a two-week ceasefire, on the condition that the Strait of Hormuz be immediately and safely reopened. International oil prices plunged by about 15% today (8th). Walsh noted that although crude oil prices are expected to decline, aviation fuel costs may remain slightly elevated as refineries are still affected. He emphasized that Middle East refining capacity is a critical component of global refined product supply, covering not only aviation fuel but also other petroleum products. He added that he hopes China and South Korea can resume exports of refined oil products once crude oil begins flowing again. (mn/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |