IEA: Europe has ~6 weeks of jet fuel as Hormuz blockade holds; Brent sinks to $94 on extension hopes

Analysis
Birol's six-week jet-fuel figure is the first published timeline on the Hormuz disruption (AP interview, multi-wire distribution), converting a diffuse price-spike narrative into a concrete commercial-aviation deadline. It is the operationally consequential number, because cancellations cascade simultaneously into tourism, freight, and defense-logistics capacity across Europe; NATO reserves are likely thinner than commercial stocks. The Brent slide from $103 Monday to $94.89 Thursday reflects extension-hope volatility, not supply reality: his count of 80-plus damaged regional energy assets, a professional estimate rather than a published capacity assessment, implies Q3 2026 as the earliest realistic refining restart. Markets are pricing a deal that has no physical-capacity basis, and a failure of extension talks before April 21 would very likely snap prices back toward $110 within 48 hours. Consumer-goods pass-through (Lactalis, Pirelli) is already visible and will sustain elevated eurozone HICP for several months.