It's more complicated than the headline admits. There is no "Europe" jet fuel. Jet fuel is highly localised. E.g. Schiphol airport gets it's fuel from Rotterdam via pipeline. Rotterdam refineries are showing zero reductions in utilisation due to getting precisely no fuel from that area of the middle east. Port-Jerome is also running at full utilisation so that's Europe's two largest airports having precisely zero impact on jet fuel supply.
Now here is the kicker, Airfrance-KLM is one of the airlines implicated in TFA. They are in fact cutting flights. Why? Because the oil price caused a retail fuel price spike due to speculative trading. The flights being cancelled are being done so not because they are out of fuel, but because the pre-booked and paid for flights can't be flown at a profit given the cost they purchased fuel for.
Europe isn't out of fuel, it's out of *cheap* fuel. The entire world is.