Energy Crisis News

IEA urges remote work and slower travel to blunt energy shock from Iran conflict

The IEA is urging demand-side actions to blunt the global energy shock caused by Iran’s war disrupting oil and LNG markets, recommending more remote work, slower driving, fewer flights, car sharing and switching to electric cookers to reduce oil demand. With about 20% of global oil flows through the Strait of Hormuz and oil prices above $100 per barrel after Iran’s strikes on LNG facilities in Qatar, supply measures alone can’t offset the disruption. Governments have already moved—releasing a record 400 million barrels into markets and easing some Russian oil sanctions—while some countries push remote work (Pakistan, the Philippines) and Italy cuts fuel taxes. The recommendations aren’t binding, but broader demand management could ease prices and bolster energy security.