IEA rolls out emergency energy plan amid deepening crisis

The International Energy Agency (IEA) has outlined a set of emergency measures aimed at mitigating the impact of the ongoing global energy crisis, AzerNEWS reports.

The plan includes a mix of demand-reduction policies and supply-side actions designed to stabilize markets and ensure energy security.

Among the key recommendations:

— Expanding remote work to reduce commuting and energy consumption
— Imposing speed limits to cut fuel use in transport
— Introducing car-free days in certain areas
— Increasing reliance on public transport systems
— Promoting energy savings and alternative energy sources
— Limiting overall fuel consumption
— Calling on oil-producing countries to boost output
— Releasing oil from strategic reserves to ease market pressure

Brent crude oil prices fell by about 10% after US President Donald Trump announced talks with Iran.

Brent crude oil prices on London's ICE exchange fell to $96 per barrel for the first time since March 12.