Strait of Hormuz closure disrupts global jet fuel supply, Europe faces shortages
## Market Snapshot Strait of Hormuz traffic market is currently priced at 2.2% YES, down from 4% a day ago. Trump’s Hormuz blockade announcement market sees 38.5% YES, down from 46% a day ago. Bab el-Mandeb Strait closure market is less relevant, priced at 6.8% YES. ## Key Takeaways – The closure of the Strait
