International Energy Agency Executive Director Fatih Birol. File | Photo Credit: Reuters The International Energy Agency (IEA), which this month agreed a record release of oil from strategic stockpiles to deal with the effects of the U.S-Israeli war with Iran, outlined on Friday (March 20, 2026) proposals to ease oil price pressures on consumers, such as working-from-home and avoiding air travel. Iran-Israel war LIVE: Kuwait’s Mina Al-Ahmadi refinery hit by drone attack, fire breaks out The U.S-Israel war with Iran has driven up energy prices, causing concerns over inflation across the world. The IEA said its proposals were actions that governments, businesses and households could take to ease the pain on consumers from the recent spike up in energy prices. The IEA said such proposals included working from home, reducing highway speed limits by at least 10 km per hour, and avoiding air travel if other means of transport were available. Editorial | Fire and fury: On the ill-conceived war on Iran “We have recently launched the largest ever release of IEA emergency oil stocks – and I am in close contact with key governments around the world, including major energy producers and consumers, as part of our international energy diplomacy,” said IEA executive director Fatih Birol in a statement. “In addition to this, today’s report provides a menu of immediate and concrete measures that can be taken on the demand side by governments, businesses and households to shelter consumers from the impacts of this crisis,” added Mr. Birol. The IEA agreed on March 11, 2026 to release a record 400 million barrels of oil from strategic stockpiles to combat the spike in global crude prices, with the U.S. contributing the bulk of the supply. Published – March 20, 2026 12:07 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation Women and TB in India: a story of deprivation, discrimination and debt Climate goals vs. war targets | Green Humour by Rohan Chakravarty