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

Surge in energy prices causing rationing and closure of petrol pumps in import-dependent South Asia

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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

Oil prices have eased after they shot up earlier this week in response to the conflict

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…

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 (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 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.

It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.

Clean power is 'hugely important', says Michael Shanks, as the IEA releases 400 million barrels of emergency oil reserves in an unprecedented move

RIYADH: The historic decision by the International Energy Agency to release 400 million barrels of oil from strategic reserve stockpiles, the largest such move in its history, is…

Last week, oil surged past the $100-a-barrel milestone, after recording its largest one-week spike since March 1983

Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history.