The International Energy Agency has issued a dire warning about the largest oil supply disruption in history due to escalating conflict in the Middle East, urging global consumers to adopt energy-saving measures like working from home and driving slower.
- IEA warns of the largest oil supply disruption in history due to Middle East conflict
- Advises reducing energy use through work-from-home, slower driving, and avoiding gas cookers
- Oil prices (CL=F) likely to face upward pressure amid supply risk
- Energy sector volatility may increase, affecting XLE index
- Market uncertainty could elevate VIX levels
- Potential impact on inflation and central bank policy
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