Record Wave of US Jet Fuel Heads Overseas to Plug Supply Gaps

US oil refiners are sending more jet fuel overseas than at any time in history as airlines around the world struggle to cope with the Strait of Hormuz closure.

Exports of US jet fuel surged to an all-time record last week of 455,000 barrels a day, toppling the previous high touched in early April, the Energy Information Administration said in a report Wednesday.

Jet fuel prices are surging in Europe and Asia, where airlines and refiners are heavily reliant on steady shipments of oil and other energy cargoes from the Persian Gulf. Prices in Singapore and the EU are up ...