The International Energy Agency, which this month approved the release of record volumes of strategic oil stocks to counter the effects of the war in the Middle East and Iranian attacks on energy infrastructure, has proposed measures for governments, companies, and households to ease oil price pressures on consumers. As the war has driven energy prices higher, sparking global inflation concerns. IEA Executive Director Fatih Birol said in a statement: 'We have recently launched the largest operation...'. The proposals include working from home, reducing speed limits on highways by at least 10 kilometers per hour, and avoiding air travel if other transportation options are available.
IEA Proposes Measures to Curb Oil Prices
The IEA has issued recommendations to governments and companies to ease consumer pressure from high oil prices driven by the Middle East war.