While demand cuts cannot fully replace lost supply, the IEA says they can lower costs and reduce market strain.
International Energy Agency (IEA) executive director Fatih Birol gives a press conference in Brussels on March 6, 2026. Nicolas Tucat/Getty Images
3/20/2026|Updated: 3/20/2026
The International Energy Agency (IEA) has urged consumers to work from home and shift from cars to public transportation to cut fuel use amid turmoil in the oil market caused by the Iran war and its fallout in the Middle East.
A new IEA report on March 20 listed 10 actions it said can be adopted quickly across society to soften the economic blow from the surge in energy prices.
English (US) · 
Turkish (TR) · 