economy
March 15, 2026
Price caps, taking the stairs, and short-sleeved shirts: How countries are coping with the Iran war energy shock
Some countries have imposed price caps and released oil stockpiles to maintain energy supplies, while others are trying to reduce consumption.
TL;DR
- Countries are implementing measures to manage the energy shock caused by the Iran war.
- China has banned refined fuel exports to ensure domestic supply.
- Japan and South Korea are considering or have implemented fuel price caps.
- India is prioritizing liquified petroleum gas for households over businesses.
- Some countries are reducing energy demand through remote work, four-day work weeks, and conservation efforts such as taking stairs and wearing lighter clothing.
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