There is currently no kerosene shortage in the European Union, but supply issues could arise and the situation remains a major concern, the European Commission announced on Tuesday, according to Reuters.

European airlines have called on the EU to intervene with emergency measures to mitigate the effects of the war in Iran, including airspace closures, as well as growing fears of a jet fuel shortage, according to a document reviewed by Reuters.

"There is currently no evidence that the EU is facing a fuel shortage, but supply issues could arise in the near future," a spokesperson for the European Commission told reporters.

"Crude oil supplies to European refineries remain stable; there is no need to release additional stocks at this time. However, this remains our primary concern," the official added.

The conflict in the Middle East has driven up oil prices and closed airspace, causing problems for airlines. A major challenge for carriers is managing volatile fuel costs, given the restrictions around the Strait of Hormuz. Last month, member airlines of Airlines 4 Europe (A4E) warned that they would have to pass on the additional costs to passengers.

The association represents major carriers such as Deutsche Lufthansa AG, Air France-KLM, and IAG SA, the owner of British Airways.

Concerns about jet fuel supplies are growing as the busy summer travel season approaches, with ACI Europe warning of a systemic fuel shortage in the region in three weeks if the Strait of Hormuz remains blocked by then.

AGERPRES