Oil-Shock Tools Focus on Helping Consumers, Not Curbing Demand

As conflict in the Middle East sends oil prices soaring, governments are reacting to the crisis with a focus on offsetting the cost to consumers rather than curbing fuel consumption, according to data from the International Energy Agency.

The price of vital products like jet fuel, gasoline and diesel has surged — especially in Asia — as the war in Iran shutters almost all oil shipments from the Persian Gulf.