Summary
Two countries in Asia, the Philippines and Pakistan, have started a four-day work week to save energy because of rising oil prices linked to an ongoing conflict affecting oil supply routes. These measures aim to reduce energy consumption as oil prices surge globally. The conflict involves the U.S.-Israeli military actions in Iran affecting the Strait of Hormuz, a key oil passage.
Key Facts
- The war in Iran has caused a disruption in the Strait of Hormuz, increasing global oil prices.
- Oil prices went over $100 a barrel after U.S.-Israeli strikes in Iran.
- The Philippines and Pakistan are using a four-day work week to reduce energy use.
- The Philippines aims to cut energy consumption by 10% to 20%.
- Some public officials in the Philippines work longer daily hours to make up for the shorter week.
- In Pakistan, 50% of government workers will work from home part-time.
- Pakistan's government also closed schools for two weeks and moved meetings online.
- Both countries depend heavily on oil imports from the Middle East.
