New Delhi, March 20 (NationPress) As tensions rise in West Asia, the International Energy Agency (IEA) unveiled a series of demand-side strategies on Friday—such as working from home and minimizing air travel—to help governments, businesses, and households mitigate the economic repercussions on consumers.

One of the immediate strategies suggested is to work from home whenever feasible, which can significantly reduce oil consumption linked to commuting, particularly for jobs that can be performed remotely.

The report also advocates for a transition to modern cooking solutions. It encourages the use of electric cooking and other contemporary methods to lessen dependence on LPG.

“The ongoing conflict in the Middle East is resulting in a significant energy crisis, marking the most substantial supply disruption in global oil market history. Without a prompt resolution, the effects on energy markets and economies are poised to intensify,” stated IEA Executive Director Fatih Birol.

The IEA's report offers a comprehensive set of immediate actions that can be implemented by governments, businesses, and households to protect consumers from the adverse effects of this crisis.

“This report draws on the IEA’s extensive experience in the field and emphasizes measures that have proven effective across various contexts. I trust it will serve as a valuable resource for governments worldwide, from both developed and developing nations, during these difficult times,” Birol added.

In terms of road transportation, a combination of behavioral and policy interventions can yield quick benefits.

“Enabling remote work where possible reduces fuel demands for commuting, while lowering speed limits on highways by at least 10 kilometers per hour can decrease fuel consumption across both passenger and freight vehicles,” the report emphasized.

Promoting a transition from private vehicles to public transport, coupled with strategies like alternating access for private vehicles in major urban areas, can further alleviate congestion and fuel usage.

Additional enhancements can be achieved through carpooling, improved driving practices, and increased efficiency in freight and delivery operations.

Beyond road transportation, targeted measures can relieve pressure on fuels that are particularly scarce.

“Cutting down on air travel where alternatives are available can drastically reduce the demand for jet fuel. Shifting LPG usage from transport to essential needs, such as cooking, can safeguard vulnerable households,” the IEA report noted.

Encouraging the adoption of alternative clean cooking methods where possible can help decrease reliance on LPG and prevent a return to more polluting fuels that negatively impact health.

Industry also plays a crucial role. In regions where LPG supplies are strained, facilities may have the option to switch from LPG to alternative feedstocks like naphtha.

“This transition can free up LPG supplies for critical applications and can be complemented by short-term efficiency and maintenance strategies that can further reduce oil consumption,” the report stated.

Governments can lead by example with public sector initiatives, regulatory measures, and targeted incentives, ensuring that consumer support is timely and focused on those most in need.

Past experiences indicate that well-targeted support mechanisms are more effective and fiscally sustainable than broad subsidies, according to the report.

The ongoing conflict has initiated the largest supply disruption in the history of the global oil market, with shipping through the Strait of Hormuz, which typically carries about 20% of global oil consumption, reduced significantly.

Approximately 20 million barrels per day of crude oil and oil products usually transit the Strait.