Work from home, school closures: Pakistan enacts sweeping austerity measures as oil prices surge

Work from home, school closures: Pakistan enacts sweeping austerity measures as oil prices surge

The closure of the Strait of Hormuz amid the US-Iran war has disrupted global oil shipments and driven fuel prices sharply higher.

Asia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war

Closed schools. Work-from-home demands. Price caps.Asia’s governments are scrambling to manage a fuel shortage caused by high oil prices and a closed Strait of Hormuz. Asia is particularly dependent on oil exports from the Middle East; Japan and South Korea respectively source 90% and 70% of their oil from the region.The energy crunch is forcing governments to adopt more extreme measures to save fuel. On March 10, Thailand ordered civil servants…

Asia Fuel Crisis: Work-From-Home, School Closures & Price Caps

Archyde South Korea will cap petroleum product prices as Asian nations grapple with a deepening fuel crisis triggered by disruptions to Middle Eastern oil supplies. The move, announced Monday by President… You can read the full story here: Asia Fuel Crisis: Work-From-Home, School Closures & Price Caps.

Malaysia continues fuel subsidy while ASEAN neighbours go to four-day work week and car pooling

While Malaysia continues its fuel price subsidy, its ASEAN neighbours are taking measures to reduce fuel consumption. These include working from home, shifting to a four-day work week and car pooling. This comes in anticipation of an oil price shock following the war on the Islamic republic of Iran by the US and Israel, now in its eighth day. The Financial Times reports some 700 million people in ASEAN are dependant on oil imported from the Midd…