Cut frivolous journeys and turn off computers during lunch: What countries are telling people to do as oil prices spike
The AAA said that prices Dan Kitwood/Getty Images Nations across the world are taking steps to mitigate the impact of oil price spikes. These include flexible working arrangements and reducing non-essential journeys. Countries heavily reliant on Middle Eastern oil are particularly vulnerable to the war's impact. Governments around the world are taking measures to soften the blow of oil price spikes as the Iran war continues to raise concerns about prolonged supply chain disruptions . Oil prices rose above $100 a barrel for the first time in four years over the weekend, following significant disruptions to shipments through the Strait of Hormuz since the outbreak of the war. About 20% of the world's daily oil supply passes through the sea passage, meaning that disruptions can have an outsize impact on global energy markets. Thailand has already said it will stop exporting fuel to maintain domestic supplies, while other countries around the world are imposing restri...