Key Points
- 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.
READ HERE: https://www.cnbc.com/2026/03/11/iea-oil-reserves-crude-prices-iran-g7-energy.html