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As reported by RÚV, the likelihood of jet fuel diminishing increases as each day of the Hormuz Strait closure. AFP News claimed that fuel reserves in Iceland, Britain and the Netherlands were limited. 

In conversation with RÚV, CEO of Skeljungur Þórður Guðjónsson claimed that it is incorrect that fuel reserves in Iceland are low. Skeljungur are the second largest purveyor of fuel in Iceland. 

Þórður cited that an oil shipment reached Iceland in late March, and another one is expected in 10 days time. “There’s no predicted shortage in Iceland as it stands,” he told RÚV. 

BP is the largest supplier of jet fuel in Iceland, as it services Icelandair’s layover flights. Þórður stated that BP’s shipment from late March should last from six to eight weeks from the delivery, and that Skeljungur is expecting two shipments to boot. 

He explained that the global oil crisis has started to affect regions worldwide, most notably in Asia and Europe. “There are no ships on their way from the Persian Gulf to Europe,” he stated. Pressed at what point the closure might start to affect Iceland, Þórður said that if no further oil shipments continue to reach the country before June, the situation might become worse.