The International Court of Justice has ruled against issuing emergency measures over German arms sales to Israel as requested by Nicaragua. Watch in for more details!

BREAKING: ICJ rejects emergency measures over German arms exports to Israel

The&nbsp;International&nbsp;Energy&nbsp;Agency&nbsp;on Friday urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine.

The&nbsp;IEA&nbsp;also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help "relieve the strain" on markets, while warning that the world faced the biggest shock to supply "in decades".

The outbreak of war in Ukraine has sent prices for the fuel up sharply and led to major economies, such as the United States and Canada, sanctioning Russia by banning imports of oil.

Also read |&nbsp;<a href="https://www.wionews.com/world/appalling-ivanna-klympush-slams-macron-for-ruling-out-fast-tracking-eu-membership-for-ukraine-463436">'Appalling': Ivanna Klympush slams Macron for ruling out fast-tracking EU membership for Ukraine</a>

The&nbsp;IEA&nbsp;warned earlier this week of the risk of a global supply crisis as major oil companies, trading houses, shipping firms and banks have shunned Russia.

With the threat that supplies of Russian oil could be cut even more, "there is a real risk that markets tighten further and oil prices escalate significantly in the coming months" as the world enters its peak demand season, the&nbsp;IEA&nbsp;said.

"As a result of Russia's appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies,"&nbsp;IEA&nbsp;Executive Director Fatih Birol said in a statement.

US pressures OPEC

Increases in supply of the crucial commodity "would not be able to ease the current strains" after the "disappointing outcome" of a recent monthly meeting of OPEC+, the&nbsp;IEA&nbsp;report concluded.

The OPEC+ group has resisted US pressure to step up production for months, agreeing only to modest increases in output at its regular meetings, even after Russia invaded Ukraine.

Also read |&nbsp;<a href="https://www.wionews.com/world/by-labeling-putin-a-war-criminal-biden-personalizes-the-conflict-463414">By labeling Putin a 'war criminal,' Biden personalizes the conflict</a>

The&nbsp;IEA&nbsp;was hoping for "some good messages which could help to relieve the strain on the oil markets" after the group's next meeting on March 31, Birol said at a press conference to present a plan to cut demand.

The 10 proposals put forward by the&nbsp;IEA&nbsp;could cut oil consumption among advanced economies "by 2.7 million barrels a day within the next four months", it said.

The measures, put forward together with the French government, could reduce consumption among those countries by 2.7 million barrels a day, while these currently consume between 44 and 45 million barrels a day, according to&nbsp;IEA&nbsp;estimates.

Together the world's advanced economies account for "around 45 per cent of global oil demand", it said.

The proposals, principally targeted at transport, included reducing speed limits, working from home three days a week, car-free Sundays, cheaper public transport and greater use of long-distance trains over planes.

Watch |&nbsp;Gravitas: Global Headlines: Ukraine refugee crisis, Fresh strike in Kyiv and more

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-global-headlines-ukraine-refugee-crisis-fresh-strike-in-kyiv-and-more-463271/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The International Energy Agency on Friday urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine.

The International Energy Agency on Friday urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia's invasion of Ukraine. The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help "relieve the strain" on markets, while warning that the world faced the biggest shock to supply "in decades". The outbreak of war in Ukraine has sent prices for the fuel up sharply and led to major economies, such as the United States and Canada, sanctioning Russia by banning imports of oil. Also read | 'Appalling': Ivanna Klympush slams Macron for ruling out fast-tracking EU membership for Ukraine The IEA warned earlier this week of the risk of a global supply crisis as major oil companies, trading houses, shipping firms and banks have shunned Russia. With the threat that supplies of Russian oil could be cut even more, "there is a real risk that markets tighten further and oil prices escalate significantly in the coming months" as the world enters its peak demand season, the IEA said. "As a result of Russia's appalling aggression against Ukraine, the world may well be facing its biggest oil supply shock in decades, with huge implications for our economies and societies," IEA Executive Director Fatih Birol said in a statement. US pressures OPEC Increases in supply of the crucial commodity "would not be able to ease the current strains" after the "disappointing outcome" of a recent monthly meeting of OPEC+, the IEA report concluded. The OPEC+ group has resisted US pressure to step up production for months, agreeing only to modest increases in output at its regular meetings, even after Russia invaded Ukraine. Also read | By labeling Putin a 'war criminal,' Biden personalizes the conflict The IEA was hoping for "some good messages which could help to relieve the strain on the oil markets" after the group's next meeting on March 31, Birol said at a press conference to present a plan to cut demand. The 10 proposals put forward by the IEA could cut oil consumption among advanced economies "by 2.7 million barrels a day within the next four months", it said. The measures, put forward together with the French government, could reduce consumption among those countries by 2.7 million barrels a day, while these currently consume between 44 and 45 million barrels a day, according to IEA estimates. Together the world's advanced economies account for "around 45 per cent of global oil demand", it said. The proposals, principally targeted at transport, included reducing speed limits, working from home three days a week, car-free Sundays, cheaper public transport and greater use of long-distance trains over planes. Watch | Gravitas: Global Headlines: Ukraine refugee crisis, Fresh strike in Kyiv and more

IEA urges 'emergency measures' to cut oil use over supply fears

For the first time in around six months, Japan is going to lift a coronavirus state of emergency in all regions on Thursday, said Prime Minister Yoshihide Suga. &nbsp;&nbsp;

The number of new cases and deaths in the country has been witnessing a fall. The strain on the medical system has also eased to a great extent. &nbsp;

Watch:&nbsp;

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/pm-narendra-modi-meets-japanese-counterpart-yoshihide-suga-wion-usa-direct-415371/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

From over 25,000 last month to 1,128 on Monday, daily number of cases of Covid have been decreasing in Japan. &nbsp;&nbsp;

The country will be opened gradually. There will be some curbs on restaurants and large-scale events for a month. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/violent-clashes-reported-as-pandemic-restrictions-are-lifted-in-norway-416427" hreflang="en">Violent clashes reported as pandemic restrictions are lifted in Norway</a>

The government will introduce a certification system whereby only approved restaurants can stay open till 9 pm.&nbsp;The ban on serving alcohol will be lifted everywhere unless local governors’ object. &nbsp;

In a coronavirus task force meeting, Suga said, "Thanks to progress in vaccination and administration of neutralising antibody drugs, we are entering a phase where medical services can be offered in a stable manner even if a certain degree of infections take place." &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/as-delta-outbreak-ravages-us-cdc-chief-says-health-systems-in-dire-straits-416419" hreflang="en">As delta outbreak ravages US, CDC chief says health systems ‘in dire straits'</a>

Economy Minister Yasutoshi Nishimura explained the gradual approach to reopening, by saying that "new cases will undoubtedly rise" after the emergency is lifted. &nbsp;

"We need to continue with the necessary measures to prevent a rebound," he said. &nbsp;&nbsp;

(With inputs from agencies)&nbsp;

For the first time in around six months, Japan is going to lift a coronavirus state of emergency in all regions on Thursday, said Prime Minister Yoshihide Suga. The number of new cases and deaths in the country has been witnessing a fall.

For the first time in around six months, Japan is going to lift a coronavirus state of emergency in all regions on Thursday, said Prime Minister Yoshihide Suga. The number of new cases and deaths in the country has been witnessing a fall. The strain on the medical system has also eased to a great extent. Watch: × From over 25,000 last month to 1,128 on Monday, daily number of cases of Covid have been decreasing in Japan. The country will be opened gradually. There will be some curbs on restaurants and large-scale events for a month. Also Read: Violent clashes reported as pandemic restrictions are lifted in Norway The government will introduce a certification system whereby only approved restaurants can stay open till 9 pm. The ban on serving alcohol will be lifted everywhere unless local governors’ object. In a coronavirus task force meeting, Suga said, "Thanks to progress in vaccination and administration of neutralising antibody drugs, we are entering a phase where medical services can be offered in a stable manner even if a certain degree of infections take place." Also Read: As delta outbreak ravages US, CDC chief says health systems ‘in dire straits' Economy Minister Yasutoshi Nishimura explained the gradual approach to reopening, by saying that "new cases will undoubtedly rise" after the emergency is lifted. "We need to continue with the necessary measures to prevent a rebound," he said. (With inputs from agencies)

COVID-19: Japan to ease emergency measures gradually as number of cases fall  

Cuba must implement emergency measures to stave off an acute fuel shortage in September caused by the Trump administration's efforts to block oil shipments to the Communist-run country, President Miguel Diaz-Canel said on Wednesday (September 11).

Cuba battling acute fuel shortage due to U.S. sanctions -president

emergency-measures

Emergency Measures, News on Emergency Measures, stories on Emergency Measures, articles on Emergency Measures, Emergency Measures stories at Wion, Emergency Measures news, Emergency Measures latest news