Hormuz Strait Crisis Pushes European Jet Fuel Prices Sharply Higher — European Business Jet Movements Continue Declining With Southern Europe Growing Against the Trend

★★★ Hormuz Strait crisis drove European jet fuel benchmark prices sharply higher (significant increase); ACI Europe warned of systemic shortage risk in the short term. AviGo data shows European business jet movements have deteriorated week by week starting from Week 10 — accelerating downtrend. But Southern Europe's three countries grew against the trend: Spain +11.8% (+591 movements), Greece +8.5%, Portugal +4.1% — consistent with the trend of charter demand shifting toward the Mediterranean. Smaller airports (annual passenger traffic <1M) face significant operational pressure; business jet operators, lacking fuel-hedge capacity and collective procurement scale, may rank lower than major airlines under rationing. Operators should immediately evaluate Southern Europe base footprint and fuel pre-procurement strategy.