IEA agrees to record release of emergency oil reserves in an effort to calm surging prices AP NewsIEA Will Launch Largest-Ever Oil Release From Global Strategic Reserves WSJCountries agree on historic release of crude reserves to lower oil and gasoline prices CNNIEA agrees to release record 400 million barrels of oil to address Iran war supply disruption CNBC
Members of the International Energy Agency have announced a coordinated release of 400 million barrels of stockpiled oil in an attempt to counter the disruption in oil trade triggered by the Iran war.
Iran has continued to ship crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has disrupted broader energy supplies via the waterway.
