Grappling with the Iran war energy crisis | Global News Podcast

As the US-Israel war with Iran continues to disrupt the price and supply of fuel, governments around the world are introducing measures to control demand and relieve cost pressures.

Several Asian countries – which get the majority of their oil and gas shipped from the Gulf through the Strait of Hormuz – have introduced four-day work weeks or work-from-home rules to save gasoline. The Philippines has declared a national energy emergency, while Cambodia has cut fuel taxes.

Filling stations in Germany have been told they can only raise their prices once per day. And in Australia, Prime Minister Anthony Albanese has made a rare televised address to the nation, warning that the economic shocks of the war will last for months. Mr Albanese also cautioned against panic-buying, urging Australians to "go about your business and your life, as normal".

We speak to the BBC’s business correspondent Michelle Fleury about the resilience of the global economy, and the measures being taken to deal with the economic impacts of the war in the Middle East.

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