"The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market."
"The IEA ordered the largest release of government oil reserves in history to soothe the oil price shock last week."
"Several countries in Asia, such as Pakistan and Thailand, have already introduced measures to cut fuel demand, including implementing work from home and introducing a four-day work week."
The IEA has urged individuals to work from home to alleviate the impact of soaring oil prices and supply constraints linked to the Iran conflict. This recommendation is part of a 10-point action plan aimed at curbing oil demand, which includes measures like reducing motorway speed limits, promoting public transport, and increasing car sharing. The IEA has also ordered the largest release of government oil reserves in history to address the crisis, while emphasizing the need to reduce demand to stabilize markets.
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