Follow the latest news on the major headlines of the day.

Follow the latest news on the major headlines of the day.

Oil prices drop to $87.80 amid IEA's emergency talks and focus on the critical Strait of Hormuz amidst ongoing conflict.

A decision on this issue is to be made on March 11

El plan pretende frenar la subida de los precios del crudo ante el escenario de guerra entre Estados Unidos e Israel con Irán

International Energy Agency reportedly proposed largest release of oil reserves in its history to bring down crude prices

Decision expected on whether to use reserves amid supply shortages and market volatility caused by Iran war

The group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began

RIYADH: Germany, Japan and Austria will release part of their oil reserves after the International Energy Agency recommended the release of 400 million barrels of oil from…

A group representing many of the world's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history.

The International Energy Agency has agreed to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in…

The International Energy Agency (IEA) has agreed to release 400 million barrels of emergency oil reserves, marking the largest volume in its history.

The IEA's 400-million-barrel emergency release, more than double its Ukraine response, comes as Iran cut Strait of Hormuz exports to less than 10%.

The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.

The release exceeds the 182 million barrels of oil that member countries released in 2022 when Russia invaded Ukraine.

Meanwhile, the market shrugs at news of a record emergency release of oil.

The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.

Proposed release is larger than the 182 million barrels of oil that IEA members released after Russia invaded Ukraine.

The International Energy Agency announced it has agreed to take emergency action and release 400 million barrels of oil into the market.

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

The IEA said Wednesday that its 32 member countries would release 400 million barrels of oil from emergency reserves.