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%.

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The IEA's members are advanced economies in North America, Europe and Northeast Asia. They collectively hold about 1.2 billion barrels of oil in reserve.

International Energy Agency chief says talks aim to assess conditions as US-Israel war on Iran fuels global uncertainty.

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

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

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.

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.

Der Iran-Krieg treibt die Preise für Öl weltweit nach oben. Nun reagiert die Internationale Energieagentur IEA mit der Freigabe strategischer Ölreserven. Auch Deutschland ist…

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%.

Die 32 Mitgliedsländer der Agentur wollen 400 Millionen Barrel Rohöl freigeben. IEA-Chef Birol spricht von einer Herausforderung von „beispiellosem Ausmaß“.

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

I 32 Paesi membri dell'Agenzia internazionale dell'energia hanno concordato all'unanimità di mettere a disposizione del mercato 400 milioni di barili di petrolio dalle loro…

I 32 Paesi membri dell'Agenzia internazionale dell'energia hanno concordato all'unanimità di mettere a disposizione del mercato 400 milioni di barili di petrolio dalle loro…

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

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.