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Demand destruction fears rise after Iran war drove up oil and gas prices; UK government borrowing jumps – business live

CN
CitrixNews Staff
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Demand destruction fears rise after Iran war drove up oil and gas prices; UK government borrowing jumps – business live

Rolling coverage of the latest economic and financial news

The world’s energy watchdog has advised governments to reduce highway speeds and encouraged workers to carpool or, ideally, work from home to combat soaring oil prices and impending fuel shortages caused by the Middle East conflict.

It has also recommended countries consider limiting car access to designated zones in large cities, by giving vehicles with odd-numbered plates access on different weekdays to those with even-numbered plates.

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Originally reported by The Guardian