"The guidance comes from the International Energy Agency (IEA), which last week released its report 'Sheltering From Oil Shocks' outlining 10 steps countries could take if supplies tighten."
"Among the recommendations are expanding remote work where possible, reducing highway speed limits and cutting back on air travel to limit strain on global supplies."
"While the watchdog said the steps are intended to help countries stretch limited supplies, stabilize markets and shield households from the worst effects, the 10 measures have sparked fury online."
"Roughly 15 million barrels of crude oil and another five million barrels of refined oil products typically pass through the Strait of Hormuz each day, accounting for about 20 percent of global oil consumption."
The International Energy Agency released a report titled 'Sheltering From Oil Shocks' outlining 10 steps to address potential fuel shortages due to the conflict in the Middle East. Key recommendations include expanding remote work, reducing highway speed limits, and limiting air travel. The report emphasizes shifting from private cars to public transport and implementing vehicle access restrictions in cities. These measures aim to stabilize markets and protect households from fuel price surges, but have sparked backlash reminiscent of Covid-19 lockdowns, with fears of similar restrictions returning.
Read at Mail Online
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