Energy & Petrochemicals #sustainable aviation fuel#travel
Strait of Hormuz Closure Drives Jet Fuel Prices Up, Boosting SAF Economics
The closure of the Strait of Hormuz has sent global jet fuel stockpiles plunging, depleting strategic reserves and driving up prices. This has made sustainable aviation fuel (SAF) more economically competitive, with United Airlines' chief sustainability officer noting it's the closest to parity ever seen. However, SAF production faces bottlenecks including feedstock scarcity and high costs, with below 1% of global jet fuel consumption currently from SAF.
Jun 14, 2026 1 source