Itemoids

You are not logged in so some information on this page has been withheld. To see more, please log in or sign up.

2026March › 11

IEA

4 months ago

The IEA is group of 32 advanced economies primarily in Europe, North America and northeast Asia. The U.S. is a member of the organization.

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

  • IEA orders largest ever release of stockpiled oil to reduce crude price

  • Ho…

The International Energy Agency has agreed to release a record 400 million barrels of oil.
Unprecedented move underscores fears of threat to global economy from the Middle East war

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran war

  • Business live – latest updates

  • Middle East crisis live – latest updates

The International Energy Agency …

This is a breaking news story.
The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.
The Iran war has triggered the biggest oil disruption in history, as tankers are unwilling to transit the Strait of Hormuz because they fear attacks.
European capitals said they would back IEA's request to release 400 million barrels of oil.

page 1 of 1