Axios

International agency calls for historic oil release amid Iran war

Mar 11, 2026Center Left

The International Energy Agency is proposing that its member governments jointly release up to 400 million barrels of oil from strategic stockpiles after the Iran war set off a chaotic spike in crude prices.Why it matters: It would be the largest joint release in the history of IEA, which coordinates members' emergency responses to oil shocks. The effort…

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