Due to tensions in the Middle East and the war situation related to Iran, Asian countries are facing a severe energy crisis, in view of which several governments are considering re-imposing measures taken during the Corona epidemic, such as work-from-home and smart lockdown.
According to energy experts, the closure of the Strait of Hormuz has made the situation more serious, as about 80 percent of Asian countries’ oil is imported through this route. Fears of supply disruptions have created uncertainty in the global oil market.
No country has yet officially implemented a work-from-home policy, but serious consideration is being given to it at various levels. Many countries, including Pakistan, have immediately started energy conservation measures.
The International Energy Agency (IEA) has advised countries to take work-from-home, reduction in air travel and other precautionary measures to reduce energy consumption. The head of the organization, Fatih Birol, said during a conference in Sydney that similar measures had proven effective in Europe after the Ukraine war.
According to reports, some countries have relaxed standards to maintain fuel supplies and allowed the blending of petrol and diesel, while several governments have also started supplying fuel to the market from their strategic reserves.
Experts are warning that if the situation lasts longer, not only the energy but also the economy, transport and industrial sectors could be severely affected, which will make more stringent measures in the region inevitable.
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