Global Fuel Prices Soar Amid Iran War; Australia Faces Severe Oil Shock, Asia Implements Energy-Saving Measures
The war in Iran continues to cause significant global energy shortages and rising fuel prices, leading to hundreds of gas stations in Australia running dry and prompting the country to temporarily lower diesel standards. Australia is now facing a severe oil shock with only 30 days of supply onshore, a situation the IEA deems worse than previous fuel crises. Across Asia, nations are implementing measures such as work-from-home policies, vehicle curbs, shorter school weeks, and public energy-saving drives like South Korea's 'Take Shorter Showers' campaign to cope with the soaring energy costs, disrupting everyday life.
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Everyday life in Asia is being upended by Iran war fuel crisis
Asia relies heavily on oil and gas from the Gulf, and shortages and higher prices are starting to bite.
Read full article →Take Shorter Showers: South Korea Kicks Off an Energy-Saving Drive
President Lee Jae Myung called on the public to cooperate, likening the energy supply disruption caused by the Iran war to the Asian financial crisis and the pandemic.
By Choe Sang-Hun
Read full article →Can Australia avoid the worst of the oil shock? - podcast
Australia is facing skyrocketing oil prices and demand, as supply is blocked at the strait of Hormuz amid the US and Israel’s war on Iran. With only 30 days of supply onshore, the International Energy Agency says this crunch is worse than the fuel crisis Australia faced in 1979. Business editor Jonathan Barrett and political editor Tom McIlroy join Reged Ahmad to discuss the scale of the economic pain to come, and whether the government will use this moment as an opportunity for bold reform Y...
By Presented by Reged Ahmad with Jonathan Barrett and Tom McIlroy; produced by Karishma Luthria and Joe Koning who also did the sound design and mix; the executive producer is Hannah Parkes
Read full article →Petrol and diesel prices rise again amid Iran war in fresh blow to drivers
The rise in fuel prices comes amid the continued energy crisis sparked by the US-Israeli war with Iran
By Dan Haygarth
Read full article →WFH, vehicle curbs, shorter school weeks: How Asia’s coping with soaring energy prices amid Iran war - The Straits Times
WFH, vehicle curbs, shorter school weeks: How Asia’s coping with soaring energy prices amid Iran war The Straits Times
Read full article →Hundreds Of Gas Stations Run Dry In Australia As Hormuz Shock Exposes Energy Security Failures
Hundreds Of Gas Stations Run Dry In Australia As Hormuz Shock Exposes Energy Security Failures Australia's weird obsession with "green energy," compounded by a lack of urgency regarding proper energy security, has now collided with the worst energy crisis the world has ever seen. A country heavily dependent on imported refined petroleum products, many of which transit the Strait of Hormuz, has reached the fourth week of the U.S.-Iran war, but with a full-blown fuel supply shock...
By Tyler Durden
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