An EIA report, “US Jet Fuel Market Response to Strait of Hormuz Closure,” finds that US jet fuel production has surged to record highs after the Strait of Hormuz closure on February 28 pushed global fuel prices up. Refiners increased output from about 1.7 million barrels per day to over 2.0 million by May, driven by strong refining margins and efforts to maximize jet fuel production.

At the same time, higher prices in Europe and Asia led to record US jet fuel exports, as global buyers turned to US supply. Despite this, US inventories remain above average, suggesting supply has kept pace with rising export demand.

The disruption led to a rapid shift in global jet fuel flows, with US refiners boosting production and exports to meet international shortages while maintaining stable domestic stocks.

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