https://www.cnbc.com/2026/03/11/iea-oil-reserves-crude-prices-iran-g7-energy.html
CNBC: 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.
The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history.
The IEA did not set out a timeline for when the stocks would hit the market. It said that the reserves would be released over a time frame that is appropriate to the circumstances of each of its 32 member countries.
