"The International Energy Agency has advised member countries to take emergency measures to curb oil demand, following military strikes on Iran that have triggered significant supply disruptions."
"Demand restraint is one of the emergency response measures that all IEA member countries are required to have ready as a contingency and that they can use to contribute to an IEA collective action."
"The huge disruption to the oil trade has triggered sharp rises in the price of petrol, diesel, jet fuel and LPG, prompting the IEA to recommend actions to reduce demand."
"The recommended actions include working from home where possible, reducing highway speeds, and limiting car access in large cities to manage the ongoing crisis."
The International Energy Agency has recommended emergency measures for member countries to reduce oil demand due to significant supply disruptions caused by military actions in the Middle East. Suggested actions include reducing highway speeds, encouraging carpooling, and limiting vehicle access in cities based on license plate numbers. The IEA has also ordered a historic release of government oil reserves to stabilize prices. These measures aim to prepare households and businesses for prolonged energy market disruptions and focus primarily on road transport fuels.
Read at www.theguardian.com
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