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International Energy Agency Launches Unprecedented Response To Combat Global Oil Shock
The conflict in the Middle East is having significant impacts'
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Iran war causing largest disruption of oil in history, International Energy Agency says
The nearly two-week-long war in the Middle East has created the “largest supply disruption” in the history of global oil markets, the International Energy Agency said, as production from Gulf countries has been slashed and exports through the Strait of Hormuz have been halted. The Paris-based organization made the stark assessment in its closely watched…
International agency calls for historic oil release amid Iran war
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…


