"The International Energy Agency (IEA) has called this the 'largest supply disruption in the history of the global oil market' and set out several ways in which countries can use less."
"In Sri Lanka, private motorists can obtain only 15 liters of petrol per week via a QR-code-based system, while Slovenia has limited private drivers to 50 liters a week."
"China is taking a slightly different approach, rowing back on planned fuel price hikes after prices at the pump rose 20% since the start of the war."
The closure of the Strait of Hormuz has resulted in a significant global energy crisis, with crude oil prices reaching $100 per barrel. The International Energy Agency has labeled this disruption as the largest in oil market history. Countries are implementing various strategies to reduce energy demand, including fuel rationing and encouraging remote work. For instance, Sri Lanka has introduced a QR-code system for petrol, while Slovenia has limited fuel purchases for private drivers. Different nations are adopting unique measures based on their specific energy infrastructures and challenges.
Read at www.dw.com
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