IEA nations agree to largest-ever oil reserve release to alleviate Iran war price hike

Source: The Hill News · Bias: Center

Summary

Countries that are members of the International Energy Agency (IEA) will release the largest-ever amount from their oil stockpiles to alleviate price spikes caused by the conflict in Iran. “IEA countries have unanimously decided to launch the largest ever release of emergency oil stocks in our agency’s history,” said IEA executive director Fatih Birol in…

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IEA nations agree to largest-ever oil reserve release to alleviate Iran war price hike
The Hill News

IEA nations agree to largest-ever oil reserve release to alleviate Iran war price hike

Center

Countries that are members of the International Energy Agency (IEA) will release the largest-ever amount from their oil stockpiles to alleviate price spikes caused by the conflict in Iran. “IEA countries have unanimously decided to launch the largest ever release of emergency oil stocks in our agency’s history,” said IEA executive director Fatih Birol in…