European jet fuel prices break new record with Middle East war escalating

European jet fuel outright prices and cash differentials hit yet another all-time high on March 16 as the war in the Middle East escalates and ship traffic through the Strait of Hormuz remains disrupted. The Platts jet CIF NWE cargo flat price rose to an all-time high of $1,698/metric ton on March 16, while the Platts jet CIF NWE cash premium to ICE LSGO M1 hit a record high at $538.25/mt. TheseEuropean jet fuel outright prices and cash differentials hit yet another all-time high on March 16 as the war in the Middle East escalates and ship traffic through the Strait of Hormuz remains disrupted. The Platts jet CIF NWE cargo flat price rose to an all-time high of $1,698/metric ton on March 16, while the Platts jet CIF NWE cash premium to ICE LSGO M1 hit a record high at $538.25/mt. TheseRead More