IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption

Written by

The International Energy Agency’s 32 member countries agreed to release 400 million barrels of oil to address the Iran war supply disruption.
It is the largest release of emergency stockpiles in the history of the IEA.
IEA members are advanced economies in Europe, North America and Northeast Asia. Japan said earlier it will release oil stockpiles as early as next week.

Comments