The International Energy Agency has recommended limiting air travel and the number of cars on the road and encouraging more work from home as the Iran conflict leaves companies scrambling to recast pricing and supply chains to withstand the worst oil disruption in history.
As the IEA warned that the impact from the closure of the Strait of Hormuz would “become more and more severe”, Ampol was working to lock in alternative fuel sources in the United States and Europe, worried that traditional suppliers in Asia would limit shipments to Australia.